ASX-listed fertiliser maker Fertoz has struck a deal to supply its organic rock phosphate to a top California-based agribusiness.

Phosphate rock is mainly used in the production of phosphate fertilisers for agriculture.

Fertoz (ASX:FTZ) has inked a distributor and marketing agreement with Ag Unlimited, a branch of the Lyman/Tremont Group.

Ag Unlimited previously carried a rock phosphate product, but products manager John Hildebrand said quality and price were the reasons the company chose to switch to Fertoz’s products.

Melbourne-based Fertoz is aiming to sell 10,000 tonnes of its organic rock phosphate in the North American market in 2018.

 

FTZ shares over the past six months.
FTZ shares over the past six months.

The initial two-year contract will see Ag Unlimited distribute and market Fertoz’s phosphate products in a range of dry and liquid organic fertilizer applications.

Fertoz shares climbed 2.6 per cent to 8c by 11.30am AEDT on Monday.

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