13 September 2023, Florida: The Mosaic Company (NYSE:MOS) announced its combined July and August 2023 sales volumes and revenue by business unit.
|Potash||July/Aug 2023||July/Aug 2022|
|Sales volumes (000 tonnes(1))||1,483||1,427|
|Sales revenues (million USD)||$489||$967|
|Phosphates||July/Aug 2023||July/Aug 2022|
|Sales volumes (000 tonnes(1))||1,081||979|
|Sales revenues (million USD)||$642||$966|
|Mosaic Fertilizantes||July/Aug 2023||July/Aug 2022|
|Sales Volumes (000 tonnes(1))||2,016||1,891|
|Sales Revenues (million USD)||$1,150||$1,788|
(1)Tonnes = finished product tonnes
For the third quarter, Potash sales volumes are expected to be near the high end of the previous guidance range of 2.1-2.3 million tonnes, reflecting the impact of ongoing strong demand in North America. MOP price guidance remains unchanged at $250-$300 per tonne.
In Phosphates, third quarter sales volumes are expected to be in the range of 1.6-1.8 million tonnes. Shipments during the quarter were impacted by Hurricane Idalia, which required a brief proactive production halt. Florida operations, which operate at a rate of roughly 20,000 finished product tonnes per day, resumed production within three days. In Louisiana, an unexpected local utility power interruption at the end of August resulted in damage to the largest sulfuric acid plant at Louisiana’s Uncle Sam facility. Repairs to the complex, which operates at a production rate of 15,000 finished product tonnes per week, are anticipated to be completed by the end of October. Third quarter realized DAP prices on a FOB basis are expected to be in the previous guidance range of $475-$525 per tonne.
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