ICL has reached an agreement with its long-term customer, Indian Potash Limited (IPL), India’s largest importer of potash, to supply an aggregate of 375,000 metric tons of potash, with an option for additional 50,000 metric tons, to be supplied through in the coming year, at a price in line with the current market price in India ($383 per ton CIFFO Indian ports).

 

The agreement is within the framework of the five-year supply agreement with IPL for the years 2022-2027, which was signed in March 2022. For information regarding the long-term agreement with IPL (2022-2027), see the Company's announcements dated March 21, 2022,