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Israel Chemicals Signs Potash Supply Agreement with China

2:38 AM MDT | July 7, 2011 | Natasha Alperowicz

Israel Chemicals (Tel Aviv, Israel) announced today that it has agreed to supply its Chinese customers with 500,000 m.t. of potash fertilizer in the second half of 2011 within the framework of its existing supply agreements. ICL's price per m.t.is similar to recent prices recorded by other potash suppliers in the market and is approximately $70/m.t. higher than selling prices to China during the first half of 2011. The agreements for the second half of the year bring to 1 million m.t. the amount of potash that Israel Chemicals has contracted to sell to its...

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