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Mosaic’s April and May Sales Volume and Revenues Down


The Mosaic Company (NYSE: MOS) disclosed its combined sales volumes and revenues by business unit for April and May 2024. During this period, potash sales volume reached 1,314,000 tons, down from 1,617,000 tons reported in the year-ago period. Revenues dropped to $371 million from $672 million posted a year ago.

For the second quarter, potash sales volumes are expected to be between 2.2 and 2.4 million tons, with MOP prices at the mine projected to range from $210 to $250 per ton.

In April and May 2024, phosphate sales volume totaled 932,000 tons, down from 1,329,000 tons recorded during the same period in 2023. Revenues for phosphates also fell, reaching $671 million compared with $948 million in the previous year.

For the second quarter, phosphate sales volumes are anticipated to be between 1.6 and 1.8 million tons, with DAP prices at the mine expected to be in the range of $530-$580 per ton.

Mosaic Fertilizantes experienced a decline in sales volumes from 1,305,000 tons in April and May 2023 …

Full story available on Benzinga.com

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