Mosaic Updates Calendar Third Quarter 2013 Guidance

             Mosaic Updates Calendar Third Quarter 2013 Guidance

PR Newswire

PLYMOUTH, Minn., Sept. 16, 2013

PLYMOUTH, Minn., Sept. 16, 2013 /PRNewswire/ -- In advance of upcoming
investor conferences, The Mosaic Company (NYSE: MOS) announced today an update
of the near-term price, volume and gross margin guidance, as well as the
Company's effective tax rate guidance for the seven month transition period.

Since the Company announced its calendar third quarter guidance on July 16,
2013, domestic and international crop nutrient markets have softened in part
as a result of the distributors' cautiousness caused by the Belarusian
PotashCompany (BPC) break-up.

"The long-term positive outlook for crop nutrient demand has not changed; high
commodity prices are driving record farm returns and making our products more
affordable than ever before. These strong fundamentals are expected to drive
near record global phosphate and potash shipments in calendar 2013," said Jim
Prokopanko, President and Chief Executive Officer. "In the short term,
however, dealers are cautious and are deferring purchases. As a result, we
have lowered our price and volume guidance for both the Potash and Phosphates
segments for the third calendar quarter of 2013."

In Potash, the revised quarterly guidance range of 1.45 to 1.65 million tonnes
reflects lower near-term demand. The Company's realized price expectations are
now in the range of $330 to $340 per tonne, net of transportation and other
distribution costs. The Potash gross margin rate is now expected to be in the
low to mid 30 percent range.

In Phosphates, distributors' cautious sentiment with respect to potash is
spilling over as buyers are in a wait-and-see mode. The Company has lowered
third calendar quarter 2013 volume guidance to 2.6 to 2.8 million tonnes.
Also, third quarter realized prices are now expected to be in the range of
$430 to $440 per tonne, net of transportation and other distribution costs.
The Phosphates gross margin percentage rate is expected to be in the

Additionally, the Company now expects its effective tax rate for the seven
month transition period to be in the low 20 percent range.

All other guidance is unchanged.

Jim Prokopanko will discuss the updated guidance and the Company's cost
position in more detail when he presents at the Credit Suisse 26th Annual
Chemical and Ag Science Conference at 9:00 a.m. Eastern Daylight Time on
Tuesday, September 17, 2013. The presentation will also be webcast on the
Company's website at

About The Mosaic Company

The Mosaic Company is one of the world's leading producers and marketers of
concentrated phosphate and potash crop nutrients. Mosaic is a single source
provider of phosphate and potash fertilizers and feed ingredients for the
global agriculture industry. More information on the Company is available at

This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Such statements include,
but are not limited to, statements about future financial and operating
results. Such statements are based upon the current beliefs and expectations
of The Mosaic Company's management and are subject to significant risks and
uncertainties. These risks and uncertainties include but are not limited to
the predictability and volatility of, and customer expectations about,
agriculture, fertilizer, raw material, energy and transportation markets that
are subject to competitive and other pressures and economic and credit market
conditions; the level of inventories in the distribution channels for crop
nutrients; changes in foreign currency and exchange rates; international trade
risks; changes in government policy; changes in environmental and other
governmental regulation, including greenhouse gas regulation, implementation
of the numeric water quality standards for the discharge of nutrients into
Florida waterways or possible efforts to reduce the flow of excess nutrients
into the Mississippi River basin or the Gulf of Mexico; further developments
in judicial or administrative proceedings, or complaints that Mosaic's
operations are adversely impacting nearby farms, business operations or
properties; difficulties or delays in receiving, increased costs of or
challenges to necessary governmental permits or approvals or increased
financial assurance requirements; resolution of global tax audit activity; the
effectiveness of the Company's processes for managing its strategic
priorities; the ability of the Northern Promise joint venture among Mosaic,
Ma'aden and SABIC to obtain project financing in acceptable amounts and upon
acceptable terms, the future success of current plans for the joint venture
and any future changes in those plans; adverse weather conditions affecting
operations in Central Florida or the Mississippi River basin or the Gulf Coast
of the United States, and including potential hurricanes, excess rainfall or
drought; actual costs of various items differing from management's current
estimates, including, among others, asset retirement, environmental
remediation, reclamation or other environmental regulation, or Canadian
resources taxes and royalties; brine inflows at Mosaic's Esterhazy,
Saskatchewan, potash mine or other potash shaft mines; other accidents and
disruptions involving Mosaic's operations, including potential mine fires,
floods, explosions, seismic events or releases of hazardous or volatile
chemicals, as well as other risks and uncertainties reported from time to time
in The Mosaic Company's reports filed with the Securities and Exchange
Commission. Actual results may differ from those set forth in the
forward-looking statements.

Media                 Investors

Rob Litt              Laura Gagnon

The Mosaic Company    The Mosaic Company

763-577-6187          763-577-8213

SOURCE The Mosaic Company

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