CROPS NEWS
CF, Mosaic Make Phosphate Deal
Mon Oct 28, 2013 01:32 PM CDT

(Dow Jones) -- Mosaic Co. agreed to buy fellow fertilizer company CF Industries Holdings Inc.'s phosphate operations for $1.4 billion in cash, consolidating this business in Florida amid continued weakness across all fertilizer products.

This past summer, the $22 billion global market for another key fertilizer ingredient, that being potash, was hit by the collapse of a sales partnership that helped underpin potash prices. Mosaic Chief Executive James Prokopanko said it is "anybody's guess" whether there will be resolution to OAO Uralkali and Belaruskali's dispute, which has weighed on fertilizer prices broadly and prompted major buyers to hold off on ...

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