BPC will sell potash at $500/ton to Brazil, and Canpotex will sell potash to Southeast Asia at $525/ton.
Potash prices in Asia and Brazil are rising again, which will likely benefit Israel Chemicals Ltd. (TASE: CHIM).
JSC Belarusian Potash Company (BPC) will sell potash to Brazil for $500 per ton on March 1, compared with the company's price of $400 per ton, set in January. Canadian Potash Exports Ltd. (Canpotex) will also raise its prices for the Southeast Asian market to $525 per ton in the second quarter from the current $425 per ton. The $100 per ton price hike exceeded predictions of a $75 per ton hike.
Israel Chemicals share fell 7.9% on Monday and Tuesday, and was down another 0.43% by midday today.
Published by Globes [online], Israel business news - www.globes-online.com - on January 23, 2008
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