Low prices weigh on Mosaic results
Published: Tuesday, 07 February 2017
Despite lower production costs, higher volumes sold and cheaper raw materials for phosphate production, low prices in both potash and phosphate pulled net earnings down by 92% for Mosaic.
North American fertiliser producer The Mosaic Co. reported a
92% decline in Q4 2016 net earnings to $12m, down from $155m
for the same period the previous year.
Net sales for the quarter also dipped to $1.9bn, down from
$2.2bn in Q4 2015 as lower prices offset higher phosphate