Israel Chem in China Deals for 500,000 t/Potash

Fertiliser and specialty chemicals maker Israel Chemicals said on Sunday it had signed contracts with several customers in China to supply a total of 500,000 tonnes of potash in the first half of 2011.

The company said the price agreed was similar to the price reached by other producers in the market, which reflects an increase of $50 per tonne of potash from prices prevalent in 2010.

The company provided no further details.