Mosaic to Idle Louisiana Plant
The Mosaic Co. said Sept. 10 that it will idle its Louisiana phosphates operations, effective Oct. 1, to reduce production by 500,000 mt in 2019. The move is expected to accelerate the reduction of high phosphate fertilizer inventories.
Mosaic said it continues to expect strong fall fertilizer application in North America, and expects a more balanced global supply-and-demand picture to emerge by 2020. It said it will prioritize shipments to meet key customer needs through the idling period.