Mosaic (MOS) says it will cut its quarterly finished phosphate production by up to 250,0000...

|About: The Mosaic Company (MOS)|By:, SA News Editor

Mosaic (MOS) says it will cut its quarterly finished phosphate production by up to 250,0000 tons, or ~10%, until the end of March as excess supply weighs on market prices. "The current spot prices in this market do not reflect our outlook for the business, nor do we think they are sustainable," CEO Jim Prokopanko says. MOS -2% AH.