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Mosaic cuts outlook for potash shipments

2:23 PM MDT | October 7, 2013 | Lindsay Frost

Mosaic has lowered its annual outlook for 2013 global potash shipments because of weaker demand in India and a delay in settling a second-half contract between Canpotex, its export agency, and China’ Sinofert Holdings; a fertilizer company. The new estimate for shipments is 54–55 million m.t., down from a previous estimate of 55–57 million m.t. The company made the update at an investor meeting in New York on 7 October.  In September, the company updated its third-quarter guidance—including its near-term price, volume and gross margin...

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