MOS - Mosaic sees Q2 potash sales volumes at high end phosphates at low end of guidance

2023-06-22 07:20:04 ET

Mosaic ( NYSE: MOS ) -1.9% pre-market Thursday after saying it expects Q2 potash sales volumes will come in at the high end of guidance, and phosphates volumes will come in near the low end of guidance.

For potash, Mosaic ( MOS ) said it sees sales volumes toward the high end of the 2M-2.2M metric tons guidance range, reflecting the impact of strong spring demand in North America, but lowers expected realized MOP prices at the mine near the low end of $325-$375/ton.

For phosphates, the company anticipates sales volumes near the low end of guidance of 1.8M-2M tons, as North American customers are deferring inventory restocking to the third quarter, while realized DAP prices on a FOB basis are expected at the high end of $550-$600/ton guidance.

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