Mosaic third-quarter profit more than doubles

(Reuters) – Fertilizer maker Mosaic Co’s third-quarter profit more than doubled as farmers seek out plant nutrients to maximize crop yields at a time of low global grain stocks.

The world’s largest producer of finished phosphate products reported net income of $841.7 million, or $2.42 a share, in the three months ended Sept. 30, from $371.9 million, or 97 cents per share, a year earlier.

(Reporting by Ruhi Soni in Bengaluru; Editing by Krishna Chandra Eluri)

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