Mosaic Reports Higher Revenues on Lower Volumes for January-February

The Mosaic Co., Tampa, on March 21 reported higher revenues on lower volumes for each major company segment – Potash, Phosphates, and Mosaic Fertilizantes. It said logistical constraints continue to impact shipments with rail delays in Canada and Central Florida through the first two months of the year, which are expected to continue through the end of the first quarter.

In addition, potash shipments were expected to be further impacted by the Canadian Pacific Railway work stoppage. As a result, sales volumes for the first quarter of 2022 are now expected to be at or near the low end of previous guidance ranges for both Potash and Phosphates.