Mosaic reports 56% sales revenue growth in August 2021
The company said that in August 2021, Mosaic produced 610 thousand tonnes of potash, which is 18% less than 741 thousand tonnes produced in August 2020. The company’s potash sales revenue in August 2021 was $196 million, a 27% increase over August 2020 sales revenue of $154 million.
Additionally, the company produced 666 thousand tonnes of finished phosphate product in August 2021, which is 10% less than a year ago (743 thousand tonnes). However, sales revenue from phosphates operations reached $465 million in August 2021, a 78% increase over August 2020 sales revenue of $261 million.
The company’s total sales revenue, including revenue from the Mosaic’s fertilizantes business unit, reached $1,263 million in August 2021, which is 56% more than its sales revenue of $808 million 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.