Mosaic reports strong sales performance for April and May 2024
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The Mosaic Company has unveiled its consolidated sales volumes and revenue figures for April and May 2024, detailing performance across its major business segments.
Potash:
- Sales Volumes: 1,314,000 tonnes (Apr/May 2024) compared to 1,617,000 tonnes (Apr/May 2023)
- Sales Revenues: $371 million (Apr/May 2024) compared to $672 million (Apr/May 2023)
Phosphates:
- Sales Volumes: 932,000 tonnes (Apr/May 2024) compared to 1,329,000 tonnes (Apr/May 2023)
- Sales Revenues: $671 million (Apr/May 2024) compared to $948 million (Apr/May 2023)
Mosaic Fertilizantes:
- Sales Volumes: 1,237,000 tonnes (Apr/May 2024) compared to 1,305,000 tonnes (Apr/May 2023)
- Sales Revenues: $606 million (Apr/May 2024) compared to $791 million (Apr/May 2023)
Mosaic reiterated its guidance for the second quarter of 2024, forecasting potash sales volumes between 2.2-2.4 million tonnes with prices ranging from $210 to $250 per tonne. Phosphates sales volumes are anticipated to range from 1.6-1.8 million tonnes with prices between $530 and $580 per tonne.
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It is alarming to see these developments in California. As a vineyard grower, I have faced significant challenges this year, with fertilizer costs rising sharply while market conditions have made it difficult to sell the harvest.
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