- Israel Chemicals (NYSE:ICL) reportedly will ship potash to India at the same decade-low price agreed by another big seller last month, with Indian Potash Ltd. buying ~600K metric tons of potash at $227/metric ton.
- In the last week of June, Belarus agreed to supply 700K metric tons of potash at the same rate to India, one of the world's top buyers of the material.
- ICL's decision could pressure other key producers such as Russia's Uralkali and the Canpotex trading group owned by Potash Corp. (POT), Mosaic (NYSE:MOS) and Agrium (AGU) to consider offering potash at similar prices.