RE: Plant Health Care (PHC)23 May 2022 08:58
New 5 YEAR deal signed.
PHC and Nutrien have now signed a five-year commercial agreement under which Plant Health Care will supply Saori for Nutrien's use on soybeans in Brazil.
PHC's revenue from sales of Saori to Nutrien is expected to exceed US$750k in the first half of 2022, growing to more than US$5m by 2025.
-- Nutrien expects to treat approximately 150,000 hectares of soybeans in 2022, expanding to more than one million hectares by 2025.
-- The Total Addressable Market for Saori in Brazil in 2022 is estimated at 40 million hectares of soybean fields.
-- Saori-treated fields were healthier and more robust, with lower incidence of disease compared to untreated fields.