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The Mosaic Company (NYSE:MOS) produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments—Phosphates, Potash, and Mosaic Fertilizantes. In addition, it provides nitrogen-based crop nutrients and animal feed ingredients, and other ancillary services. MOS sells its products to wholesale distributors, retail chains, farmers, cooperatives, independent retailers, and national accounts.
The huge rise in food consumption during the COVID-19 pandemic has benefited the fertilizers industry, resulting in record net sales last year. However, the high demand for fertilizers to get good crop yields had caused a shortage in the supply of potash and phosphate, two major components used in producing fertilizers, leading to a rise in their prices.
