REUTERS — Fertilizer maker Mosaic Co. said it expects lower production and delayed shipments after Hurricane Ian caused “modest damage” to its phosphate operations in Florida.
The company, which mines phosphate rock in the state and produces 75 percent of North America’s phosphate fertilizers, said it expects its phosphates output to be down by about 200,000 to 250,000 tonnes, split roughly evenly between the third and the fourth quarters.
Tampa-based Mosaic also expects its phosphates sales volumes in the third quarter to be in the range of 1.60 to 1.65 million tonnes, down from the 1.7 to two million tonnes it had forecast in August, as port and rail closures delay its late third quarter shipments to October.
Repairs are expected to be completed soon, it added.
