Tobies Beteiligungsgesellschaft mbH
Mosaic said global supplies of potash and phosphates are expected to remain tight “through 2023 and likely beyond” because of lower shipments from Belarus, port constraints in North America and exports from China that remain “well below” 2021 levels. Meanwhile, the company sees demand benefiting from “favorable grower economics” amid high crop prices. “Mosaic is well-positioned to capitalize on the fertilizer market’s recovery, which is well underway,” Chief Executive Officer Joc O’Rourke said in the statement.
Mosaic reported second-quarter adjusted earnings of $1.04 per share, down 71% from a year earlier and trailing analysts’ average estimate, mostly reflecting a drop in prices for crop nutrients.
