Israel Chemicals Ltd. (ICL) said today it has signed several contracts for the supply of an aggregate 750,000 mt of potash, including options, with its customers in India, to be shipped between August 2017 and July 2018. It said the quantities are in line with 2016’s agreed volumes. ICL said the selling price agreed is $13/mt above the previous contract; that is, in line with the $240/mt CFR Uralkali agreed with India’s biggest potash importer, Indian Potash Ltd. in late July. The contract price typically is done with 180 days credit.
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