DealsJun 23, 2026, 04:17 PM
ICL Signs Potash Supply Agreement with Indian Potash Ltd. for 375K Tons
AI Summary
ICL Group Ltd. has announced a new agreement with its long-term customer, Indian Potash Limited (IPL), India's largest importer of potash. The agreement entails the supply of 375,000 metric tons of potash, with an option for an additional 50,000 metric tons, to be delivered in the coming year. The price is set at $383 per ton CIFFO Indian ports, aligning with current market prices. This deal falls within the framework of the existing five-year supply agreement between ICL and IPL, which was signed in March 2022 and extends through 2027.
Key Highlights
- ICL signed an agreement to supply potash to Indian Potash Limited (IPL).
- The agreement is for an aggregate of 375,000 metric tons of potash.
- It includes an option for an additional 50,000 metric tons.
- The potash is to be supplied in the coming year.
- The price is $383 per ton CIFFO Indian ports.
- IPL is India's largest importer of potash.
- The deal is part of a five-year supply agreement with IPL (2022-2027).
Price Impact
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