ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, announced that it has signed several contracts to supply an aggregate 750,000 metric tonnes of potash, including options, to its customers in India. The contracts are for delivery between August 2017 and July 2018.
The quantities stipulated in this year's contracts are similar to the amounts sold by ICL to its Indian customers in 2016. Selling prices are USD 13 per tonne higher than the price 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."