Potash market getting used to the war

 

 

ICL hereby announces that it has signed a contract with its long-term customer, Indian Potash Limited (IPL), India’s largest importer of potash, for potash shipments through September 2023, at a price of $422 per ton CIFFO Indian ports, with similar quantities as in the 2022 contract with IPL, for the respective period.

 

    The Israeli Potash mining company's shares are 20% of my portfolio. The current price is LOWER than the average purchasing price, so I am losing in real terms some 30-40%. Hope the potash market is resuscitating, although the price 422 $ is nothing to be happy about. Last year it was 750 $.

The market is being mismanaged and I am losing money.