US fertilizer producer and exporter Mosaic has suspended its SSP production in Brazil for a further 30 days, the firm said today.
Mosaic idled its Fospar, southern Parana state, and Araxa, southeast Minas Gerais state, facilities on 16 December, pinning the decision on a sharp increase in sulphur prices. It said at the time that it could review the decision after 30 days.
It has decided to keep the plants off line but "will continue to assess market conditions in the coming weeks", it said.
Mosaic does not intend to buy sulphur in Brazil in the near term because of the extended production cuts, it said.
Prices for sulphur delivered to Brazilian ports have risen to $540-550/t cfr from $510-515/t cfr at the beginning of December. The latest prices are up by $358/t, or 191pc, at the midpoint from mid-January last year.
