Mosaic reports 40% sales revenue increase in May 2021
The company said that in May 2021, Mosaic produced 891 thousand tonnes of potash, which is 10% more than 810 thousand tonnes produced in May 2020. Potash sales revenue in May 2021 was $246 million, a 40% increase over May 2020 sales revenue ($176 million).
Additionally, the company produced 553 thousand tonnes of finished phosphate product in May 2021, which is 9% less than a year ago (608 thousand tonnes). However, sales revenue from phosphates operations reached $327 million, a 53% increase over May 2020 sales revenue ($214 million).
The company’s total sales revenue, including revenue from the Mosaic’s fertilizantes business unit, reached $909 million in May 2021, which is 40% more than a $649 million sales revenue a year ago.
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 phosphates and potash fertilizers and feed ingredients for the global agriculture industry.