Portuguese 
English 
Spanish 
3 min of reading 
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.
-
The federal government is offering up to 90% discount to renegotiate debts on credit cards, overdrafts, and loans through the new Desenrola 2.0, which has already renegotiated nearly R$ 1 billion and has 200,000 requests under review at banks.
-
As the US blocks Cuba’s oil amid national blackouts, China quietly enters the island with solar panels: the country has already installed 50 renewable parks and plans for 92 by 2028, in the world’s largest solar revolution.
-
Supermarkets closed on Sundays in Brazil: owner of the 4th largest chain in the country advocates for the permanent end of operations, reveals a 10% drop in turnover, and claims that the measure could solve the crisis with 4,000 open positions in the sector.
-
New study reveals unexpected connection between bees, flowers, and crops and suggests a possible solution to one of the biggest dilemmas currently faced by agriculture and global food production.
| 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.
Be the first to react!