Business Standard reported an interview with Mosaic Corp. (NYSE:MOS) CEO James T. Prokopanko.
CEO Prokopanko said:
These prices are very normal and are not historically high with respect to grain prices. Relatively, they are very affordable. We have to make good profits for the years when prices drop. Also, the industry has to invest in expansion. Moreover, it takes over seven years after investment to get the first dollar from a mine.