NEWS
Mosaic Reports Higher 3Q Results
Thu Mar 28, 2013 10:39 AM CDT

(Dow Jones) -- Mosaic Co.'s (MOS) fiscal third-quarter profit jumped 26% as the fertilizer producer reported increased potash sales volumes and a foreign currency transaction gain.

Although potash prices have remained under pressure in recent months, as large buyers in China and elsewhere signed supply contracts for 2013 at lower prices, demand has been better than expected, improving market fundamentals, the company said. Revenue from Mosaic's potash segment jumped 37% from a year ago.

"As we emerge from the traditionally slow third fiscal quarter, we are seeing strong demand and improving sentiment in most of our geographies," Mosaic Chief Executive ...

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