MOS · 10-Q · 2026Q3 · Full report

End-Market Demand Trends

MOSAIC CO · 2026-11-04 · Importance 42 · Surprise 40

Fertilizer demand was weakened by customer affordability challenges, reducing Phosphate sales volumes in the third quarter; for the nine-month period, however, stronger global demand and starting inventories supported export fulfillment and higher Phosphate volumes. Phosphate finished-product sales volumes decreased 11% year over year in the quarter, while nine-month volumes increased 3%. Potash sales volumes declined 9% in the quarter and 7% over nine months, reflecting reduced product availability. Higher fertilizer selling prices across segments reflected tight global supply conditions.

Key facts

• The Company identifies changes in farmers’ crop-nutrient application rates as a risk to its business. source
• The Company identifies expansion or contraction of production capacity or selling efforts by competitors or new entrants as a risk to its industries. source