Polysulphate is expected to help boost the Govt’s organic agriculture program
Tel Aviv-headquartered ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals company, has signed a long-term agreement with India Potash Limited (IPL) to supply Polysulphate through 2026, with a renewal option.
The five-year term is for an aggregate amount of 1 million metric tons, with quantities increasing for each year of the agreement, ICL said on 13 June 2022.
Each shipment will be a minimum of 25,000 tons and equally distributed across the calendar year, with prices and payment terms to be fixed between IPL and ICL from time to time.
The availability of Polysulphate is expected to help boost the Government’s organic agriculture program. Polysulphate is available in its natural state and is mined, crushed, screened and bagged, with no additional chemical separation or other industrial processes. Unlike blended or compound fertilizers, it has the lowest carbon footprint available globally.
Polysulphate is a cost-effective answer to crop nutrition, as it contains four key plant nutrients: sulfur, potassium, magnesium and calcium, which are steadily available to plants along the crop cycle.
Listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL), the company employs more than 12,000 people worldwide, and its 2021 revenues totalled approximately US$7 billion. fiinews.com
