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Israel Chemicals to sell potash to India at decade-low price

Jul. 11, 2016 8:58 AM ETICL Group Ltd (ICL) StockMOS, ICL, NTRBy: Carl Surran, SA News Editor12 Comments
  • 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.

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