ADVFN - Advanced Financial Network.
HOME» NYSE » M » MOS Stock Price » MOS Stock News

Mosaic Share News

 Mosaic Co (the) Stock Price
MOS Stock Price
 Mosaic Co (the) Stock Chart
MOS Stock Chart
 Mosaic Co (the) Stock News
MOS Stock News
 Mosaic Co (the) Company Information
MOS Company Information
 Mosaic Co (the) Stock Trades
MOS Stock Trades

CORRECT: Mosaic Joins Competitors, Cuts Potash Output By 20% Through May

("Mosaic Joins Competitors, Cuts Potash Output By 20% Through May," published at 9:02 a.m. EST, misstated the day the announcement was made. A Corrected version follows.) By Ian Berry Of DOW JONES NEWSWIRES Fertilizer producer Mosaic Co. (MOS) said Friday it would cut potash production by up to 20% from February through May, becoming the latest company to pull back in the face of weakening prices. "Cautious dealer sentiment continues to delay purchases and lower near-term demand for potash," said Jim Prokopanko, president and chief executive of the Minneapolis-based company. Mosaic, the world's largest phosphate producer, had already announced phosphate production cuts in December. But the company had until now resisted potash reductions despite cuts by competitors. Prokopanko said last month that potash "is in balance for our situation." Potash Corp. of Saskatchewan (POT), a member of the North American export arm Canpotex, announced a couple rounds of cuts recently. The cuts have pared back production by 1.3 million tons over the last several weeks in response to the lower demand, though the company has said it remains committed to its plan to expand its production by 2015 to 17 million tons from 11 million tons currently. Russian fertilizer giant Uralkali (URKA.RS), has also signaled it would cut back production. Fertilizer executives have portrayed the current pricing weakness, and excess supply, as temporary. Prokopanko said that despite caution from dealers, "farmer economics remain strong" and he expects record-setting potash shipments in 2012. U.S. farmers planted 91.9 million acres of corn in 2011 and are widely expected to increase that total to 93 million to 95 million this year. Mosaic shares were down 0.2% to $57.02 premarket. They are up 13.3% so far in 2012. -By Ian Berry, Dow Jones Newswires; 312-750-4072; ian.berry@dowjones.com

Stock News for Mosaic (MOS)
DateTimeHeadline
08/18/201516:48:51Current Report Filing (8-k)
08/13/201516:15:00Mosaic Announces Quarterly Dividend Of $0.275 Per Share
08/10/201517:20:26Current Report Filing (8-k)
08/10/201506:03:20Current Report Filing (8-k)
08/07/201511:29:30Statement of Changes in Beneficial Ownership (4)
08/05/201506:06:26Current Report Filing (8-k)
08/04/201512:34:20Mosaic Earnings Rise on Phosphate Sales -- Update
08/04/201512:28:28Quarterly Report (10-q)
08/04/201508:14:46Current Report Filing (8-k)
08/04/201507:53:57Mosaic Earnings Rise on Phosphate Sales
08/04/201507:00:00The Mosaic Company Reports Second Quarter 2015 Results
07/23/201517:09:54Amended Statement of Changes in Beneficial Ownership (4/a)
07/23/201517:09:54Statement of Changes in Beneficial Ownership (4)
07/23/201511:58:47Amended Statement of Changes in Beneficial Ownership (4/a)
07/21/201519:42:12Statement of Changes in Beneficial Ownership (4)
07/21/201519:36:46Statement of Changes in Beneficial Ownership (4)
07/21/201519:36:18Statement of Changes in Beneficial Ownership (4)
07/21/201519:36:18Statement of Changes in Beneficial Ownership (4)
07/21/201519:29:03Statement of Changes in Beneficial Ownership (4)
07/21/201519:28:34Statement of Changes in Beneficial Ownership (4)

Mosaic and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad