ICL Dealing with Weakness in Potash Market

Reuters reported that Israel Chemicals (TLV:ICL) will face a margin squeeze this year due to weaker markets for potash.

As quoted in the market news:

ICL’s fertiliser segment sold 5.2 million tonnes of potash in 2011, down 6.9 percent from 2010 although at higher prices. It had signed contracts to supply customers in China 1.25 million tonnes at prices similar to those negotiated by the market’s major suppliers. ICL also signed deals to supply 1.4 million tonnes to Indian customers at $490 a tonne through March 2012.

Click here to read the full Reuters report.