The Mosaic Co., Tampa, reported that revenues for the month of October increased for all major business segments – Phosphates, Potash, and Mosaic Fertilizantes. However, volumes were off in both the Phosphates and Potash segments, while they were up in the Brazil-based Mosaic Fertilizantes.
Mosaic reiterated that it expects fourth-quarter Phosphates sales volumes to be in the range of 1.8-1.9 million mt, with average realized prices rising $55-$65/mt over prices realized in the third-quarter 2021.
In Potash, Mosaic continues to expect fourth-quarter sales volumes of 2.0- 2.1 million mt, with average realized prices rising $110-$130/mt over third-quarter realized prices.
Beyond the fourth quarter, Mosaic said it is seeing strong demand for nutrients, having already committed and priced 40 percent of the Phosphates segment’s expected sales volumes for first-quarter 2022.
| Oct. 2021 | Oct. 2020 | |
| Phosphates | ||
| Sales Volumes (000 mt) | 569 | 712 |
| Sales Revenues ($/M) | 437 | 294 |
| Potash | ||
| Sales Volumes (000 mt) | 665 | 855 |
| Sales Revenues ($/M) | 258 | 180 |
| Mosaic Fertilizantes | ||
| Sales Volumes (000 mt) | 842 | 818 |
| Sales Revenues ($/M) | 500 | 271 |