ICL signs potash supply deals with customers in China

Israel Chemicals Ltd. (ICL; Tel Aviv) says it has signed framework agreements to supply its customers in China with an aggregate 3.3 million m.t. of potash over the next 3 years. The potash selling price for each semester will be set in line with prevailing market prices and arrangements in China, according to the terms of the deals. ICL Fertilizers, under the framework of these agreements, has committed to deliver 660,000 m.t. of potash during the first half of 2013. The selling price of these quantities will be in line with recent deals completed by other...

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