Mosaic Curtails Potash Output at Canada Mine on Demand Slump
- Fertilizer prices have fallen after spiking to record levels
- Mosaic, Nutrien still see strong market in coming months
Refined potash
Photographer: James MacDonald/BloombergThis article is for subscribers only.
Mosaic Co. has temporarily curtailed potash production at its mine in Saskatchewan after weaker demand sent fertilizer prices sliding across North America.
The Colonsay site had been operating at 1.3 million tonnes per year, with plans to expand to as much as 2 million tonnes by the end of next year, the company said in a statement. It was restarted in August 2021 after being idled for two years due to slumping demand.