ICL revenue drop $81m blamed on unfavourable exchange rates

By Kasia Patel
Published: Thursday, 22 November 2012

Potash demand falls due to Asian contracts delays, Euro crisis and US drought

Fertiliser and speciality chemicals company Israel Chemicals Ltd reported an $81m- drop in revenues, down to $1.81bn in the Q3 2012 compared with $1.89bn in the corresponding period last year mainly due to unfavourable exchange rate fluctuations.

The impact of exchange rates, specifically the unfavourable Euro-to-dollar rate, reduced...

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