Mosaic sees potash demand returning

decrease font size  Resize text   increase font size       Printer-friendly version of this article Printer-friendly version of this article


Despite a stark drop in quarterly profits, Mosaic is saying potash demand is improving. The company claims to have sold more potash in one day last week than in all of January, reported Businessweek.com.

Jim Prokopanko, chief executive officer of Mosaic, told Businessweek.com that the turnaround in demand is due to demand strengthening in Brazil after drought lowered soybean yield and increased prices.

Businessweek.com reported that total potash sales volume will be 1.7 million to 2.2 million tons in the current fiscal fourth quarter, up from 1.1 million in the third quarter. Phosphate sales will be 2.3 million to 2.7 million tons, compared with 2.6 million tons in the previous quarter.

Another market potash demand is strengthening is in India, according to Mosaic. India is Mosaic’s largest export market. Demand is expected to hold in India even though the government is lowering subsidies for phosphate and potash fertilizers. Prokopanko said the strengthening rupee is increasing India’s farmer purchasing power and fertilizer prices are coming down.

Read more here.


Buyers Guide

Doyle Equipment Manufacturing Co.
Doyle Equipment Manufacturing prides themselves as being “The King of the Rotary’s” with their Direct Drive Rotary Blend Systems. With numerous setup possibilities and sizes, ranging from a  more...
A.J. Sackett Sons & Company
Sackett Blend Towers feature the H.I.M, High Intensity Mixer, the next generation of blending and coating technology which supports Precision Fertilizer Blending®. Its unique design allows  more...
R&R Manufacturing Inc.
The R&R Minuteman Blend System is the original proven performer. Fast, precise blending with a compact foot print. Significantly lower horsepower requirement. Low inload height with large  more...
Junge Control Inc.
Junge Control Inc. creates state-of-the-art product blending and measuring solutions that allow you to totally maximize operating efficiency with amazing accuracy and repeatability, superior  more...
Yargus Manufacturing
The flagship blending system for the Layco product line is the fully automated Layco DW System™. The advanced technology of the Layco DW (Declining Weight) system results in a blending  more...
Yargus Manufacturing
The LAYCOTE™ Automated Coating System provides a new level of coating accuracy for a stand-alone coating system or for coating (impregnating) in an automated blending system. The unique  more...
John Deere
The DN345 Drawn Dry Spreader can carry more than 12 tons of fertilizer and 17.5 tons of lime. Designed to operate at field speeds up to 20 MPH with full loads and the G4 spreader uniformly  more...
Force Unlimited
The Pro-Force is a multi-purpose spreader with a wider apron and steeper sides. Our Pro-Force has the most aggressive 30” spinner on the market, and is capable of spreading higher rates of  more...
BBI Spreaders
MagnaSpread 2 & MagnaSpread 3 — With BBI’s patented multi-bin technology, these spreaders operate multiple hoppers guided by independent, variable-rate technology. These models are built on  more...


Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


Field Profit Planner Dashboard

With GEOSYS Field Profit Planner, you can plan for the future using information from previous years. Agronomic decisions made during ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form