The company said the increased curtailment is based on increasing inventories as a result of a short-term slowdown in global potash markets and increased risks of a delay in Chinese contract settlement. If the full amount of the curtailment is realized in lower fourth-quarter 2019 sales, it would result in a negative impact of approximately $150 million in adjusted EBITDA.

“While near-term fertilizer markets remain challenging, we continue to expect a very strong application season in Brazil and North America, and a better supply and demand balance in 2020,” said Joc O’Rourke, president and CEO, Mosaic.