June 1, 2025 | 18:46 GMT +7
Hotline: 0913.378.918
June 1, 2025 | 18:46 GMT +7
Hotline: 0913.378.918
The move could help Mosaic, which stands to benefit from rising prices that might stem from potential potash production cuts.
Shares of fertilizer producer The Mosaic Company (MOS) jumped over 5% on Monday, posting the strongest performance of any stock in the S&P 500 following reports Belarusian President Alexander Lukashenko proposed potash production cuts in an effort to boost prices.
Lukashenko reportedly met Monday with Andrey Rybakov, new chief executive officer (CEO) of Belaruskali, the Eastern European nation's largest potash fertilizer company, and suggested approaching potash producers in Russia to coordinate cutting production of the potassium-rich chemicals and minerals by 10% to 11%.
The move could lead to higher prices, benefitting Mosaic, with Belarus and Russia jointly accounting for around 40% of global potash exports.
Shares of Mosaic climbed 5.4% to finish at $28.33 Monday, though even with Monday's gains, they've lost more than one-fifth of their value since the start of the year.
Mosaic's stock price has been under pressure in recent months, with the company warning in September that "sustained operational challenges"—including electrical equipment failures at two mines in Saskatchewan, Canada—would reduce its potash production and shipment volumes by 200,000 to 300,000 tonnes in the third quarter.
Mosaic is set to report third-quarter results before markets open on Nov. 12.
(Yahoo/Finance)
(VAN) After the talks on May 28, Vietnam successfully exported its first batch of frozen durians to China, marking a new milestone in agricultural trade cooperation between the two countries.
(VAN) Several major companies, such as Red Dragon and Ameii Vietnam, have signed purchasing agreements for the 2025 season, targeting markets including Japan, the United States, and the EU.
/2025/05/30/5010-5-173638_943.jpg)
(VAN) On May 29, at the GO! My Tho Trading Center, the Tien Giang Department of Industry and Trade, in collaboration with Central Retail Corporation, held the opening ceremony of the 3rd Fruit Festival 2025.
(VAN) Reciprocal tariffs are exerting pressure on U.S. exports, prompting Vietnamese firms to shift their focus to Muslim markets, Thailand, and Brazil.
(VAN) A free booth for two years at Xinfadi, Beijing's largest wholesale market, will be allocated to Vietnam's agricultural products.
(VAN) Vietnamese shrimp exporters are actively looking for alternative markets and accelerating shipments to the United States in response to the pressure of impending reciprocal tariffs. This is occurring during a temporary tariff suspension.
(VAN) The import-export turnover between Vietnam and Singapore rose amid a trade rebound, with machinery, electrical equipment, and fuels making up the majority of the transaction value.
