Mosaic Warns of Depleted Fertilizer Stockpiles as Demand Returns
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Fertilizer stockpiles will need replenishing next year, boosting the demand outlook for the slumping crop nutrients industry, according to supplier Mosaic Co.
Global shipments of potash, a key crop nutrient, are expected to increase by 5 million metric tons next year to reach 70 million metric tons, Chief Executive Officer James O’Rourke said Wednesday during an earnings call. Such a volume would be the highest since at least 2021, prior to Russia’s invasion of Ukraine.