Fertilizer producer Mosaic posted a higher than expected quarterly profit as higher prices helped offset a dip in pospate sales and flat potash volumes.  The company warned that volumes may remain sluggish into the spring, as its distributors and farming customers remain cautious due to economic uncertainty.
For the fiscal second quarter ended Nov 30, the company earned $623.6 million, or $1.40 per share, compared with $1.03 billion or $2.29 a share in teh year-ago period.
Potash and phosphate — Mosaic’s two main products — are the second and third most important fertilizers for farmers to apply, after nitrogem.
Mosaic’s average selling price for potash rose to $40 per ton from $331 a year earlier.