Mosaic is further cutting phosphate production in the US and Brazil, citing global feedstock supply issues, especially sulfur availability and rising prices, exacerbated by disruptions in the Strait of Hormuz. Meanwhile, Pakistan's wheat output for the 2025-26 season is lowered due to heat stress and storms, potentially necessitating imports. In a separate development, Bangladesh is seeking 15,000 metric tons of crushed lump sulfur through a tender closing September 7, with delivery expected within 30 days of payment.
Mosaic is implementing further reductions in its phosphate operations across the United States and Brazil. The company attributes these curtailments to global feedstock supply constraints, with a particular emphasis on the availability and pricing of sulfur. Disruptions in the Strait of Hormuz are identified as a significant factor contributing to increased production costs and impacting sulfur availability.
In parallel, Pakistan's agricultural sector faces challenges affecting its wheat output for the 2025-26 Rabi season. Adverse weather conditions, including periods of heat stress and damaging storms, have led to a downward revision of the production outlook. This revised estimate indicates a potential shortfall in domestic wheat supply, thereby increasing the probability of the country needing to resort to imports to meet demand.
Separately, Bangladesh Chemical Industries Corporation (BCIC) has initiated a tender process to secure 15,000 metric tons of crushed lump sulfur. The deadline for bid submissions is September 7. Successful suppliers are expected to deliver the sulfur to Chattogram within 30 days following the opening of a letter of credit, highlighting the country's demand for this crucial industrial commodity.
Mosaic is implementing further reductions in its phosphate operations across the United States and Brazil. The company attributes these curtailments to global feedstock supply constraints, with a particular emphasis on the availability and pricing of sulfur. Disruptions in the Strait of Hormuz are identified as a significant factor contributing to increased production costs and impacting sulfur availability.