Fertiliser maker Fertoz strikes rock phosphate deal with US agribusiness

NPK fertiliser contains nitrogen, phosphorus and potassium - the most important nutrients for plants. Pic: Getty

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.

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.