GFM Network News

Mosaic’s mine shaft tower from its K3 facility in southern Sask. Photo: Greg Berg

Mosaic sees sliding fertilizer sales; cost-cutting boosts profit

Fertilizer sales look to slide through the rest of the year, U.S. producer Mosaic Co. said on Tuesday, as greater shipments into key markets by rivals in Belarus and China boost competition. The world’s largest producer of finished phosphate products reported a bigger-than-expected quarterly profit, helped by cost-cutting. Fertilizer prices have fallen as the strong […] Read more