ICL from Israel and Indian importer IPL reach a five-year potash supply agreement

Last week in New Delhi, ICL agreed to provide India with a 550,000-ton fixed plus a selection of 50,000-ton from July 2019 to June 2020. The same to 2020-2021.

From 2021 to 2023, it will increase to a fixed amount of 600,000 tons plus a selection of 50,000 tons. Prices will be determined by current market factors.

The chairman of the ICL Potash Department said that this is the first time that India has signed a long-term agreement, which represents the ICL market strategy. ICL is a cost-competitive supplier to the Indian market due to its geographical advantages, including low-cost logistics costs and shorter arrival times.