Earnings And RevenuesApril/May reported revenue and sales volumes were significantly lower year-over-year.
Market PricingPotash pricing continues to drift lower with MOP selling price (fob mine) of $224/t, down $17/t or 7% from 2Q, and is expected to be $200-$220/t in 3Q, as global prices drift lower post the China/India contract settlements.
Production And SalesMOS provided an operational update for both potash and phosphate which guides to lower 3Q production and sales volumes due to electrical equipment failures for potash and negative weather impacts in phosphate.