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Fertilizer earnings mostly drop on harsh winter weather

6:56 AM MDT | May 23, 2014 | CW Staff

Volatile pricing and tough winter conditions created a challenging environment for fertilizer producers in first-quarter 2014, though most are optimistic that demand will rise for the remainder of the year. Mosaic reports net income down 43% year-on-year (YOY), to $218 million, or 54 cts/share, on sales down 13%, to $2.00 billion. “While weather continued to create challenges in the operating environment, strong global demand for phosphates pushed prices and margins higher during the first three months of the year, and our early positioning of potash in...

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