The Mosaic Co. (MOS) said Friday it now expects Q2 phosphate sales volume in the range of 1.5 million to 1.6 million tonnes, down from its prior range of 1.7 million to 1.9 million tonnes.
Production volume for fiscal 2025 is now anticipated to range between 7 million and 7.3 million tonnes, compared with the previous range of 7.2 million to 7.6 million tonnes, the company said.
Mosaic said it continues to expect potash sales volume for Q2 in the range of 2.3 million to 2.5 million tonnes, adding that fiscal 2025 production volume outlook also remains unchanged in the range of 9 million to 9.4 million tonnes.
Phosphate price outlook for Q2 was lifted to the $650-to-$670 per tonne range from $635 to $655 anticipated previously while potash prices are anticipated to be stable, according to the company.
Mosaic's stock was down nearly 5% in recent Friday premarket activity.
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