# Israel Chemicals signs new potash contracts in China - Globes

> 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.

- Date: 2018-10-14 · published 2018-10-14T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/62845-israel-chemicals-signs-new-potash-contracts-in-china-globes
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

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.

## Read by commodity

- POTASH: bullish ▲

## Sources

- en.globes.co.il: https://en.globes.co.il/en/article-israel-chemicals-signs-new-contracts-with-chinese-customers-1001256227

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.