Low prices weigh on Mosaic results

By Kasia Patel
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 volumes....

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