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10-11-18
Israel Chemicals inks USD870m potash supply pact for China
(MENAFN) Israel Chemicals (ICL) was confirmed to have agreed to sell potash to Chinese companies under an agreement with an estimated value of USD870 million.
The three-year agreement was penned by the Israeli company for the supply of 3 million tons of potash for customers from China.
The deal offers customers a preference to boost the number of potash the Israeli company is to provide at 750,000 tons.
The price of the product ICL is to provide was assured to be set based on the cost of potash available in China at the time of supply.
MENAFN1011201800450000ID1097681449
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