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ICL reported fourth-quarter 2019 sales of $1.1 billion, down from $1.4 billion a year earlier, with operating income falling to $88 million. The decline reflected a Dead Sea potash plant upgrade, the absence of a China potash supply contract, and weak commodity markets.
Reduced potash output and the lost China contract signal tighter near-term potash supply, though weak commodity demand limits the price impact.
prnewswire.comICLFeb 13, 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.
