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Mosaic lowers volume, price guidance for third quarter

7:43 AM MDT | September 20, 2013

Mosaic on 16 September lowered guidance for the third quarter, including its near-term price, volume, and gross margin guidance. 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 Co. Specifically, in potash, the revised volume guidance range of 1.45–1.65 million m.t. reflects lower near-term demand, the company says. The previous guidance was 1.8–2.1...

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