August Market Update

Raw Material Costs Ammonia $/MT 1,700 1,500 1,300 1,100 900 700 500 300 100 Jan-20 MOSAIC CONFIDENTIAL -Ammonia Jul-20 Industry margins to benefit from low raw material costs Raw Material Prices c&f Tampa Source: Argus Data through July 27, 2023 Jan-21 -Sulphur Jul-21 Jan-22 Jul-22 Jan-23 Sulphur $/LT Jul-23 800 700 600 500 400 300 200 100 0 Mosaic 10

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