Why I am losing on Potash?

 Why? I cannot think a reason. Brasilian farmers were not long ago paying 1200 dollar per ton, but the israeli potash company ICL is getting paid 250 by the Indians. Brazil imports 98% of its potash. The use has increased from 10 kg/ha. to over 100 kg/ha. with the accompanying increase in agricultural yields per hectare. Canada is investing billions in the development of its Jensen mine, the Australians are not much behind. The demand is begging for fertilizer because of the Ucraine war. 

 And now we have the Teimanim menacing our maritime  traffic on the Red Sea from Eilat to Mombay. The shares of ICL have sunk into Earth's mantle, devoured by its boiling iron/nickel inner core.

Major players in the Potash market include The Mosaic Company, Potash Corporation of Saskatchewan, K+S AG, Israel Chemicals, and Uralkali. The global potash market will grow from $22.04 billion in 2022 to $23.03 billion in 2023 at a compound annual growth rate (CAGR) of 4.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The potash market is expected to grow from $30.61 billion in 2027 at a CAGR of 7.4%.

On another note, ICL broke ground yesterday on their $400mm LFP (Lithium Iron Phosphate) plant in St Louis. When both phases are operational by 2025 they will produce 30,000 metric tons of LFP annually. Current China price for a metric ton of LFP is 83,000 yuan, or $11,500/mt.

Why I am losing on Potash?