Morning Consult food and beverage analyst Emily Moquin raises 'concern' that Mosaic Co. halting fertilizer production due to Hurricane Ian will raise grocery prices.
Mosaic Co.'s North American phosphate operations make up approximately 50% of North American farmers' supply of granular phosphate fertilizer.
Though the exact level of damage across Mosaic’s phosphate mines remains unknown, the company’s product output is likely to decrease, which directly increases a crop’s input price and therefore its market price.
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