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ICL reported third-quarter 2020 sales of $1.20 billion, flat on the prior quarter and 9% lower year on year, with operating income down 50%. The company cited record nine-month potash output at the Dead Sea and growth in its phosphate specialties business.
Steady potash output and reduced sales at a major producer give little sign of a supply squeeze, so potash prices are unlikely to move much on this result alone.
prnewswire.comICLNov 12, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
