The Mosaic Society recently announced that North American Phosphates has been adversely affected by the damage caused by Hurricane Ian. Significant flooding and high winds were recorded throughout central Florida during the storm, causing modest damage to Mosaic Company facilities and supporting infrastructure.
Early estimates indicate that phosphate production could decline by around 200,000 to 250,000 metric tons, split roughly evenly between the third and fourth quarters of 2022. Repairs are expected to be completed over the next two weeks.
In addition to production impacts, the shipping schedule was also affected by the storm. Phosphate sales volumes in the third quarter are now expected to reach 1.60 to 1.65 million metric tons as port and rail closures delayed shipments from the end of the third quarter through October.
Mosaic expects to provide further updates when releasing third quarter results. The Mosaic company produces fertilizer in west-central Florida, where Hurricane Ian made landfall late last month.
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National Correspondent / AgNet Media, Inc.
Sabrina Halvorson is an award-winning agricultural journalist, broadcaster and speaker. She hails from the agriculturally rich Central Valley of California.