Mosaic Says Strait Of Hormuz Closure, Kazakhstan Blockade Keep Sulfur Spot Prices Unsustainably High; Sees Global Phosphate Production To Fall Well Short Of Last Year By Up To 30M Tons; Sulfur-Related Supply Challenges, Reduced Chinese Exports Are Expected To Keep Supplies Tight In Many Parts Of The World; While Phosphate, Sulfur Markets Are Quite Volatile, Potash Supply, Demand Picture Much More Balanced; Expects Higher Sulfur Prices Impact In Q3, More Significantly In Q4
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Mosaic says troubles getting sulfur and phosphate fertilizers to farms will keep prices very high and supplies tight worldwide. When companies struggle to get materials they need, watch if their costs go up or if they have trouble selling—that tells you how serious the problem really is.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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