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Mosaic (MOS) -4.8% AH after lowering its FQ2 volume guidance for potash and phosphate on weaker...

Mosaic (MOS) -4.8% AH after lowering its FQ2 volume guidance for potash and phosphate on weaker shipments in the export market. MOS says international crop nutrient market demand has weakened since earlier guidance, primarily as a result of distributors delaying purchases to avoid price risk; sales volumes may not pick up until calendar 2013.
Comments (1)
  • Chris Damas
    , contributor
    Comments (1169) | Send Message
     
    Mosaic being the second largest partner in Canpotex and knowing international sales were lousy in Q4 judging from commentary from Agrium, this was highly predictable.

     

    So further downside for potash stocks. My target for AGU was reduced to $85US last week.

     

    I was working on the potash industry all day because my offer to SA readers to give them the “low down” on fert stocks produced an overwhelming response.
    Unfortunately, this is happening too fast to get something out to them for this drop in guidance. Send your real email address if you wish to be added to the coverage list.

     

    MOS reduced the midpoint of guidance for Q2 potash sales by 400,000 tons and phosphate sales by 200,000. Interestingly, phosphate also slowing down in sales.

     

    As do the others, MOS says 2013 potash sales have to be strong due to the Q4 delays.
    13 Nov 2012, 04:40 PM Reply Like
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