ICL Sells Potash to India
Israel Chemicals Ltd., Tel Aviv, said Aug. 29 that it has signed a contract for the supply of 550,000 mt of potash, including options, to be shipped between September 2018 and June 2019, with its customer in India. The agreed quantities are in line with previous year’s agreed quantities. The selling price stipulated in the contract is $50/mt above the previous contracts and similar to the prices announced recently by other potash manufacturers for sales to the Indian market.
ICL expects to sign additional contracts in the near future with customers in India for estimated quantities of 225,000 mt of potash, including options, to be supplied between September 2018 and June 2019, at the same price.