The Mosaic Company, Plymouth, Minn., announced that the unprecedented wet weather in the Midwest United States negatively impacted its North American spring fertilizer sales volumes and phosphates margins. Mosaic reported a net loss of $233 million for the second quarter of 2019, including a $284 million noncash after-tax charge for the permanent closure of the company’s Plant City phosphate facility. In addition, it said that the acceleration of the development of the K3 potash mine is prompting the company to curtail potash production at the Colonsay mine.
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