Mosaic reduces phosphate operations in Brazil.

Mosaic announced last Wednesday (8) that it has reduced production at some phosphate plants in Brazil, due to lower global demand and increased prices for sulfur, a raw material for fertilizer. In a statement, the company said that the duration of the reduction does not have a set deadline, but stressed that the move is temporary and does not represent a change in its long-term strategy. The shutdowns will be extended to production at the Tapira and Catalao plants, and the company also plans to implement a maintenance and conservation regime at the Uberaba complex. "This is a scenario marked by geopolitical instability, disruptions to international shipping routes, increased global demand and significant pressure on sulfur costs," the company said in a statement.

This text was translated by machine from Brazilian Portuguese.