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Israel Chemicals (ICL) signed new potash supply contracts with Chinese customers for 905,000 tonnes, with an option for an additional 375,000 tonnes, delivering by June 2019. The agreed price is $290 per tonne, $60 above its previous Chinese contracts.
A higher China potash contract price, following the 21% increase in the India deal, signals firmer global potash pricing and higher input costs for feed-grain and crop producers.
en.globes.co.ilKobi YeshayahouOct 14, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
