Mosaic posts 42 pct fall in profitMosaic posts 42 pct fall in profit, says CEO to resume work
However, the lower prices have lately rekindled demand.
“We have long said we expected to see volumes increase before prices, and that scenario is playing out as anticipated,” Larry Stranghoener, Mosaic’s interim CEO, said on Thursday.
“We expect demand to remain high throughout the year, and with low global pipeline inventory, prices should remain firm,” said Stranghoener, who will retire at the end of 2014.