RLF AgTech (RLF) has signed an exclusive regional distribution agreement with Philippines-based Taipan Brand Farm (TBFI), growing its presence in Southeast Asia
Under the deal, TBFI will distribute RLF’s crop nutrition products throughout the Philippines, with a sales and purchase target of US$8.78mn over the next five years which can be extended by TBFI.
“The growing demand for our product across a number of overseas emerging and established markets continues to demonstrate that we are successfully delivering on our outlined growth initiatives and sales targets,” said RLF managing director, Ken Hancock.
“We are delighted that our product range is being made available to the Philippines farmers through the trusted market leader TBFI/JDI as we look to continue the efforts of the farming sector to bolster their production through the use of our innovative ag-tech while simultaneously reducing their use of traditional fertilisers,” he added.
RLF will soon commence field trials, including using its newly announced Veridium Seed Priming Technology (VSPT) and its foliar range of products.
The company said that given the ability of its products to increase crop yields, there was “significant potential” for larger uptake in countries like the Philippines once the RLF Plant Proton Delivery (PPD) products had become established and accepted.