Mosaic’s fertilizer markets strengthen significantly – CEO

25 April 2012 15:21  [Source: ICIS news]

HOUSTON (ICIS)--Mosaic's potash and phosphates fertilizer markets have strengthened significantly in April, the CEO of the US-based fertilizer firm said on Wednesday.

Jim Prokopanko said that in light of the rapid acceleration in demand, Mosaic believes that volumes for both potash and phosphates in its fiscal 2012 fourth-quarter ending on 31 May will be in the upper end of its previous guidance from last month.

The guidance ranges are for 1.7–2.2m tonnes of potash and 2.3m–2.7m tonnes of phosphates. 

The forecast continues to anticipate limited North American inventory re-stocking at the end of the spring application season.

"Global demand for crop nutrients has increased sharply, driven by an early and strong spring season in North America, combined with increasing shipments to South America," Prokopanko said.

"We anticipate another year of high farm income in North America – the second highest on record – and strong farm economics around the world. Our long-term outlook for the business is positive," he added.

By: Stefan Baumgarten
+1 713 525 2653

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