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After markets closed today, The Mosaic Co. (NYSE: MOS) cut its guidance on fiscal second quarter shipment volumes and tightened its price forecasts to the upper end of its previous range. The ...
Potash is produced worldwide in amounts exceeding 71.9 million tonnes (~45.4 million tonnes K 2 O equivalent [5]) per year as of 2021, with Canada being the largest producer, mostly for use in fertilizer. [6] Various kinds of fertilizer-potash constitute the single greatest industrial use of the element potassium in the world.
Chemical fertilizers have been shown to have runoff and it can contaminate groundwaters and are not economically feasible for third world countries. [1] One of the major sources for chemical fertilizers is potash ore. [2] The other concern with the potash ore is the supply is finite and is running out, hence the increase in pricing. [1]
The Mosaic Company was formed in October 2004 by a merger between IMC Global, a fertilizer company formed in 1909, and Cargill's crop nutrition division. It is a combined producer and marketer of concentrated phosphate and potash with a customer base which includes wholesalers, retail dealers and individual growers worldwide.
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Canpotex, short for Canadian Potash Exporters (reporting mark PTEX), is a Canadian potash exporting and marketing firm, incorporated in 1970 and operating since 1972. [1] Based in Saskatchewan , Canpotex manages the entire Saskatchewan potash exporting industry (excluding Canadian and US sales), including transportation and delivery.
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