Arrival of Potash Comforting to Farmers
The Hindu reported that Indian farmers are welcoming the arrival of potash from Israel.
The Hindu reported that Indian farmers are welcoming the arrival of potash from Israel.
Bloomberg reported that stock of Israel Chemicals (TLV:ICL) is up on increased potash prices.
Israel Chemicals, the world’s sixth-largest potash maker, declared that it signed a deal to supply 750,000 tonnes of potash to an unnamed Indian customer at $460 a tonne. For full story, click here
Israel Chemicals Ltd., a multinational fertilizer and specialty chemicals company which produces approximately 9% of world’s potash, announced results for the fourth quarter and full year ended December 31, 2008. For full story, click here
Psagot Investment House reiterated its “Outperform” recommendation for Israel Chemicals Ltd. with a target price of NIS 41, a 26% premium on today’s opening price, despite price cuts by competitors for new potash deliveries. For full story, click here
Israel Chemicals rises 5.6%, in the wake of gains by many of its international peers, especially Potash Corporation of Saskatchewan Inc., which owns 11% of Israel Chemicals, has risen 25% in the past few trading sessions. For full story, click here
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