Florida-based phosphate and potash fertilizer producer Mosaic anticipates limited damage to a production plant near Tampa and minimal disruption to operations in the coming weeks following a brushfire on Monday.
The US phosphate market anticipates Hurricane Milton's Florida landfall later this week will cause further disruptions to regional production as the Tampa area continues to recover from Hurricane Helene.
Potash production resumed this week at major North American fertilizer producer Mosaic's Colonsay processing facility in Saskatchewan, Canada, after the roof collapsed last month.
The US Department of Agriculture (USDA) awarded over $100mn this week across nine states to increase domestic fertilizer production as the effort to make farmer affordability more favorable continues.