ICL may owe Haifa over potash pricing

摘要

Israeli fertilizer producer ICL may have to make a provision in its Q2 financial statements to pay as much as $70 million to Haifa over potash pricing in 2012-13, Israeli publication The Marker reported on May 2. The most recent ruling in on-going arbitration proceedings regarding potash pricing from ICL to Haifa for its NOP requirements has found that settlement over payments between the two parties needs to be made for between 2011 and 2013.