There will not be enough phosphate fertilizer to meet global demand this year. That’s the headline coming out of Mosaic’s quarterly financial report. Mosaic CEO Bruce Bodine said the demand for sulfur, ammonia and urea goes beyond the supply. To protect margins, Mosaic has scaled back production at its fertilizer facilities in Louisiana, Florida and Brazil. The company reports a first-quarter loss of over $238 million, down from a profit of $238 million a year ago.
