Mosaic lowers volume and price guidance for second quarter

Mosiac has updated their full-year tax rate and second quarter price and volume guidance. For potash, the company has downgraded its volume expectations from 1.6-1.9 million tonnes to 1.3-1.4 million tonnes, with prices at the high end of $435-$450/tonne, for its second quarter 2013. Phosphate volumes are expected to be 2.9-3.1 million tonnes—down from a previous guidance of 3.0-3.4 million—with prices expected to be at the upper end of the $535-$550/tonne range for the quarter. The company says they are updating the guidance because of weak...

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