Israel Chemicals unit signs large potash deal

The price reflects an increase of $355 per ton over the price in the previous contract.

Israel Chemicals Ltd. (TASE: ICL) subsidiary ICL Fertilizers has signed a large contract with customers in India to sell potash. The contract is for one year. Under the terms of the deal, ICL Fertilizers will sell over 1.1 million tons of potash for a total value of about $700 million.;

The price per ton reflects an increase of $355 per ton over the price in the previous contract.

Published by Globes [online], Israel business news - www.globes-online.com - on April 8, 2008

© Copyright of Globes Publisher Itonut (1983) Ltd. 2008

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