The only troubled important share in my portfolio is ICL, the local potash fertilizer producer. From +100% it went to -25% and I am losing too much. International prices went down (see Rabobank graph) and Bielorrusia is having trouble getting out its product. I cannot find any reference to the Houthi closing down the only outlet for ICL potash to Asia, but I presume it is the main cause of ICL's horrible loss of worth. Geopolitical risk, they say. The Jordanian Potash company must also be suffering. But the main damage is being caused to the Suez Canal - Egypt. And Europe. A multinational force is trying to do something but the Houthis cannot be attacked from the air or the sea and no one will send troops for a land operation. Hamas is still fighting and speculating that Israel's internal turmoil is working for its benefit. Seems that 2024 will be a lost year for ICL and moi.
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