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Fertoz Ltd

Fertoz’s organic fertilizer certified as genuine organic product in New Zealand

Currently in discussions with various distributors in New Zealand with some having already begun placing orders.

New Zealand represents a large potential market
New Zealand represents a large potential market

Fertoz Ltd (ASX:FTZ) has received the BioGro New Zealand Certificate of Compliance for its leading organic fertilizer FertAg 0-8-0.

BioGro is New Zealand’s largest and best-known certifier for organic produce and products, certifying and accrediting more than 750 producers, farmers and manufacturers across New Zealand and the Pacific.

READ: Fertoz’s organic fertilizer products continue to gain traction with vegetable growers

The BioGro logo guarantees that a product is made without animal testing, genetic modification and the routine use of synthetic pesticides.

It is the mark of a genuine organic product, and FertAg 0-8-0 is now certified for organic agriculture in both Australia and New Zealand.

New Zealand represents a large potential market for FertAg 0-8-0 as many areas have soils that are suffering from mineral and phosphate depletion.

FertAg 0-8-0 with good growth in drought conditions compared to neighbouring property

Les Szonyi, managing director FertAg Pty Ltd, the company’s wholly owned Australian subsidiary said: “We are pleased to advise that Fertoz’s Australian subsidiary has recently received organic certification from BioGro for FertAg 0-8-0 in New Zealand.

“This is an important step for us as New Zealand opens up another large market for the company and we look forward to experiencing similar success there."

17,000 tonnes of product recently processed at Butte, Montana, US

Szonyi added “Finally, we are pleased to advise that recently expiring options were converted raising an additional $877,000.

“Another tranche of options expire at the end of September and early indications are that many of these will also be converted – a testament to our recent progress in Australia and North America which we expect to continue.”

FertAg is currently in discussions with various distributors in New Zealand with some having already begun placing orders.

Quick facts: Fertoz Ltd

Price: $0.13

Market: ASX
Market Cap: $16.72 m
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