ICL has signed several contracts for the supply of an aggregate 750 000 t of potash, including options, to its customers in India. The contracts are for deliveries that will take place between August 2017 and July 2018.
The quantities stipulated in this year's contracts are similar to the amounts that ICL sold to its Indian customers in 2016. Selling prices are US$13/t higher than the price that was stipulated in the previous year's contracts.
Ofer Lifshitz, President of ICL's Essential Minerals Division, stated: "We are pleased to have signed potash contracts with our Indian clients whom we have served for many years, and which illustrate our role as a leading player in this strategic market. The signing of these agreements demonstrates that demand for our potash products in India remains strong and stable. We appreciate the trust placed in us by our Indian customers."
Read the article online at: https://www.worldfertilizer.com/potash/14082017/icl-signs-potash-supply-contracts/