* Price similar to that agreed by other producers
* ICL shares up 1.3 percent
(Adds background on market price, share reaction)
TEL AVIV, Feb 13 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.
Israel Chemicals (ICL) 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.
ICL in a brief statement provided no further details.
On Jan. 13, Russia's fertiliser producer Uralkali
said its joint venture with Belaruskali, Belarusian Potash Co,
signed a deal with major Chinese fertiliser importers Sinochem
and CNAMPGC to supply 600,000 tonnes at $400 per tonne.
ICL signed contracts to sell 620,000 tonnes of potash to
China for all of 2010, including an option for 100,000 tonnes.
Shares in ICL were up 1.3 percent to 62.58 shekels a share
in morning trade, compared with an increase of 1 percent in the
Tel Aviv 25 blue chip index .
ICL is a subsidiary of holding company Israel Corp
, whose shares were up 1.8 percent.
Canada's Potash Corp , the world's largest
fertiliser producer, owns 13.9 percent of ICL. ($1 = 3.69
shekels) (Reporting by Tova Cohen; Editing by Ron Popeski)