The quantities stipulated in this year's contracts are similar to the amounts that ICL sold to its Indian customers in 2016. Selling prices are US$13/t higher than the price that was 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."
