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ICL (
NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, announced today it has signed a contract with Indian Potash Limited (IPL), India’s largest importer of potash, to supply an aggregate 600,000 metric tons of potash – with mutual options for an additional 50,000 metric tons – to be supplied through December 2021. The agreed selling price in the contract is $280 per ton CIFFO Indian ports, $50 per tonne above the previous contract. The contract is part of the five-year supply agreement signed in 2018 between ICL and IPL.
“The contract we have signed in India, one of ICL’s strategic markets, is part of the five-year supply agreement we signed in 2018 with IPL. This contract further testifies to the leading position ICL has in this market and reflects the growing positive momentum in the fertilizer market globally. Favorable weather conditions, an increase in planted areas, and tight supply are contributing to solid global deman
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MOSCOW Belarus’s potash monopoly has raised prices by 13% in a potash supply contract with India signed earlier this year, the Belarus Potash Company (BPC) said on Monday, signaling a stronger outlook for potash producers.
BPC, a trading arm of Belaruskali, the world’s largest producer of the crop nutrient, signed its annual potash supply contract for 800,000 tonnes with India’s largest importer of the product, Indian Potash Limited, in January.
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BPC renegotiated the contract price to $280 per tonne from the previous $247 a tonne on a cost and freight basis “within the framework of close partnership,” it said in a statement.
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