Mosaic flags steep fall in North America fertilizer demand as phosphate shipments slide
Reuters
Jan 16
Mosaic flags steep fall in North America fertilizer demand as phosphate shipments slide
Jan 16 (Reuters) - Mosaic MOS.N on Friday said North American fertilizer demand fell sharply in the fourth quarter, well beyond normal seasonal weakness, pressuring sales volumes and cash flow. The U.S. fertilizer producer said phosphate shipments in North America were down about 20% from a year earlier, while potash demand was only modestly weaker.
(Reporting by Sumit Saha in Bengaluru)
((Sumit.Saha@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.