ICL Falls on Global Food Demand Outlook
Bloomberg reported that shares of ICL (TLV:ICL) dropped on speculation that food prices and overall potash demand will fall.
Bloomberg reported that shares of ICL (TLV:ICL) dropped on speculation that food prices and overall potash demand will fall.
ICL (TLV:ICL) announced it has signed additional potash supply agreements with customers in India.
Last week’s potash contract in India by Russian producer OAO Silvinit is bad news for Israel Chemical Ltd. and its peers. For full story, click here
Haifa Chemicals declared that it’s shutting down its plants in Haifa and Mishor Rotem, and sending 800 workers home, because its raw materials that is Potash which forms a central cost have become unaffordable and its price has risen by more than 600% in the last five years, to more than $600 per ton. For [...]
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