MOS · 10-Q · 2026Q3 · Full report

Brazil Customer Credit Constraints

MOSAIC CO · 2026-11-04 · Importance 58 · Surprise 56

Limited customer credit availability in Brazil contributed to lower Mosaic Fertilizantes sales volumes in the current-year period. The segment’s third-quarter finished-product sales volume declined 32% year over year, and nine-month total tonnes fell 27%. Reduced production from constrained raw-material availability and temporary curtailments compounded the volume decline. Customer credit limitations were identified as a factor affecting Brazil demand and sales, alongside lower production.

Key facts

• Mosaic's third-quarter 2026 Mosaic Fertilizantes sales volumes reflected reduced production from constrained raw material availability and limited customer credit availability in Brazil. source
• The Company identifies customer defaults on trade credit or on indebtedness incurred to buy its products and guaranteed by the Company as a risk. source
• The Company identifies significant reductions in customers’ liquidity or access to credit needed to purchase its products as a risk. source