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The Mosaic Company Benefited From The High Commodity Prices Following The Outbreak Of The War Between Russia And Ukraine And Thus Increased Its Profit Exponentially.
According to Canal Rural, Mosaic, a fertilizer company from the United States, reported a net income of US$ 1.18 billion, an increase of at least 684% in the first quarter of this year. With the recent disclosures of the second-quarter financial results from the institution, a new peak valuation of 137% can be noted compared to the same period in 2021.
The hypervaluation of the fertilizer giant intensified after the start of the Ukraine’s War Against Russia, which forced Brazilians to depend on other countries for the import of fertilizers necessary for agribusiness beyond the Russians.
According to an announcement by Valor Econômico at the end of last Monday, August 1, the institution reported a net income of at least US$ 1 billion due to the recent rise in fertilizer and commodity prices.
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Vietnam opens its market to Brazilian beef calves and grants access to a destination that has already imported over US$ 3.5 billion from the national agribusiness, expanding exports, reducing waste, and boosting slaughterhouses across the country.
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While the world was paying more for fuel, the 100 largest oil companies on the planet raked in an extra $23 billion in just 30 days of blockage in the Strait of Hormuz.
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In 1996, with just R$ 1, it was possible to buy items like pants and everyday goods, but what has happened to the purchasing power of Brazilians from the beginning of the Real Plan until today?
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Brazilians spend more hours in traffic each year than on vacation.
| Min — Max (Day) | 130.00 – 135.67 |
| Change (Day) | -4.17% |
| Change (Month) | -4.17% |
| Change (2022) | +19.94% |
| Change (52 Weeks) | +61.13% |
Beyond Mosaic: Numerous Companies In The Commodity Sector Report Positive Results
Below is a list of companies, in addition to Mosaic, that operate in fertilizer production and reported high net profits in the second quarter, along with their respective sectors of activity.
BP, British Oil Company, Reports The Highest Profit In The Last 14 Years
Like Shell and Petrobras, which operate in oil and gas, BP, a British oil company, reported one of its highest profits in the last 14 years, exceeding US$ 8 billion, which translates to more than R$ 45 billion when converting dollars to reais.
Just as the war between Russia and Ukraine led to an increase in commodities related to fertilizers, oil and gas were the products that exceeded these rises. Despite this, it is estimated that the oil company’s shares and the value of the company may decline in the long term, as historical economic patterns indicate that whenever there is an economic recession, the price of oil falls.
Gasoline, which for several months remained at around R$ 7 in over 20 Brazilian states, is now priced at about R$ 5.4 in some regions of Santa Catarina (SC). Nevertheless, diesel prices remain high, approaching R$ 8.
Intelbras Reports Net Revenue Of R$ 1 Billion In The Second Quarter
Intelbras announced last Friday, July 29, that it achieved net income of R$ 96.776 million and operational revenue of R$ 1 billion following the acquisition of leading companies in renewable and solar energy due to the heightened demand from Brazilians for this new energy matrix before the legal framework that allows anyone installing solar panels before January 2023 to be exempt from ICMS ends.
Despite the revenue results exceeding expectations, the institution continues to be down 6.52% in its accumulated value on the stock market, Ibovespa. In the last trading session, which took place on Monday, August 1, the company had a negative variation of 1.4%. Nevertheless, the Investing portal reports that its indicators estimate that Intelbras, a major Santa Catarina technology producer, will have a 36% appreciation.
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