Mosaic says low operating rates will pressure gross margin in Q2

theflyonthewall.com

Mosaic said it continues to expect the gross margin rate for phosphates to be approximately flat in Q2 compared to Q1. Assuming no benefit from foreign exchange in the potash segment cost of goods sold, low operating rates will continue to pressure the gross margin rate in Q2, currently expected to be in the low to mid 40 percent range.

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