Phosphate developer Fertoz (ASX:FTZ) has signed an agreement with an agribusiness to market phosphate products in Australia in a joint venture with Vast Resources Pty Ltd.
With the agreement, the JV known as FertAg will gain access to more than 400 retail agricultural stores across Australia.
A total of 800 tonnes of FertAg product was imported for sale in February and March.
The joint venture in Australia will distribute fused calcium magnesium silicate phosphate products to counter the acidic soils across much of Australia’s key farming regions.
The product is insoluble in water and does not leach into waterways and around 95% of the P is readily available to plants.
News: Fertoz to ply phosphate products in Australia in joint venture
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