ICL Group Ltd (NYSE:ICL) is among the best potash stocks to invest in right now. On March 18, ICL Group Ltd (NYSE:ICL) announced that it was setting up a specialty fertilizer production facility in India. This plant will be based in the Indian state of Maharashtra and will be dedicated to the production of water-soluble fertilizers to serve the Indian market.
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This investment is part of the ICL Group’s strategy to increase production of specialty fertilizer in high-growth markets. ICL Group’s India speciality fertilizer plant will adopt the same production model that the company currently uses in Israel.
ICL Group has seen stable demand for its products in India. It’s been serving the Indian market for more than 30 years, and now it generates around $250 million in annual revenue from the market. This domestic facility is also expected to help India reduce its reliance on fertilizer imports, which are prone to disruptions due to geopolitical tensions. As an example, the Iran war has made shipping through the Strait of Hormuz corridor difficult, leading to supply delays and price hikes.
In 2025, the company’s potash segment generated $1.71 billion in sales, which rose from $1.66 billion in 2024. The EBITDA for the segment was $552 million in 2025, compared to $492 million in 2024. ICL Group benefited from higher potash prices in 2025. It said its potash price per tonne rose 22% YoY to $348 in Q4.
In December 2025, ICL Group secured a contract to supply 750,000 tonnes of potash to Chinese customers during the 2026 period at a price of $348 per tonne. That contract includes an option to supply an additional 330,000 tonnes.
ICL Group Ltd (NYSE:ICL) is an Israeli multinational company that provides specialty chemicals and minerals. It extracts and processes thousands of tons of potash-based fertilizers annually from the Dead Sea in Israel as well as underground mines in Spain. It supplies major agricultural markets like Brazil, China, India, and Europe to improve crop yields and soil quality.
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