Mosaic misses profit estimates on lower fertilizer prices, Hurricane Ian damage

Published on 7 Nov 2022 on Reuters via Yahoo Finance

Mosaic misses profit estimates on lower fertilizer prices, Hurricane Ian damage

By Ruhi Soni

(Reuters) - Mosaic Co on Monday became the latest fertilizer maker to miss third-quarter profit estimates, hurt by damage from Hurricane Ian and cooling prices of crop nutrients.

Prices of nutrients such as phosphates and potash have cooled from the near record highs they touched earlier this year as farmers cut back on fertilizer use to rein in costs.

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Mosaic misses profit estimates on lower fertilizer prices, Hurricane Ian damage

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