http://m.seekingalpha.com/article/1745972
Mosaic: Christmas Might Come Early For This Potash Producer
Oct 15 2013, 16:54
The Mosaic Company (MOS), one of the largest North American fertilizer companies, held its annual analyst day last week in New York. Instead of focusing on the ongoing potash soap opera in Eastern Europe that has been the topic of discussion of the potash markets since mid-summer, the company outlined a set of high-level strategic themes periodically punctuated by specifics on expansion plans, cost structures, demand expectations and share buyback plans.
The second largest North American potash producer after Potash Corporation of Saskatchewan (POT) now expects 2013 global potash shipments to be range of 54-55 million tons down from earlier estimates of 55-57 million tons. The new estimates are still higher than last year's shipments of 51 million tons. However, next year the company sees a recovery in the potash market that slipped sharply following the breakup of BPC. The company expects shipments to rebound to 57-59 million tons next year.
"I think one year from now, we are going to see the issues that came up in eastern Europe, that's going to be ancient history, life's going to go on," said Chief Executive Officer Jim Prokopanko. "I think we'll see a recovery."
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