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Mosaic updates volume, price guidance for the third quarter

3:09 PM MDT | September 16, 2013 | Lindsay Frost

Mosaic announced today that it is updating its guidance for the third quarter 2013, ending 30 September, including its near-term price, volume and gross margin guidance, as well as its effective tax rate guidance for its seven month transition period into a new fiscal reporting structure. The company says since it previously announced third quarter guidance on 16 July, domestic and international crop nutrient markets have softened, in part as a result of the distributors’ cautiousness caused by the split of the Belarusian Potash Company (BPC). "The...

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