Mosaic posts fall in quarterly revenue on lower production

Here are some more details:

• The Tampa, Florida-based company posted net sales of $2.8 billion for the three months ended June 30, down 6.7% from a year ago.
• "Business conditions remained challenging in the second quarter, driven primarily by sulfur availability and affordability challenges," said CEO Bruce Bodine.
• Sulfur and ammonia markets continue to experience widespread disruption, resulting in elevated raw material costs and production curtailments across the global phosphate industry, the company said.
• Mosaic lowered its annual capital expenditure forecast for the second time this year to $1.2 billion from $1.25 billion previously.
• In July, the company announced a temporary reduction of phosphate operations in Brazil, hurt by lower global supply and rising prices of raw material sulfur.

Aug. 4 (Reuters) - Fertilizer maker Mosaic reported a decline in second-quarter revenue, weighed down by soft demand and curtailed domestic production.

Mosaic is a global producer-distributor of phosphate- and potash-based crop nutrients and agricultural products serving global agriculture markets. Its shares fell 2% in extended trading.