Save Foods Navigates Brazilian Regulation And Commences Commercial Activity Through Exclusive Local Distributor
Portfolio Pulse from Benzinga Newsdesk
Save Foods, Inc. (NASDAQ:SVFD), an Agri-Food Tech company, has commenced commercial activities in Brazil through an exclusive local distributor, following compliance with local regulations. This move capitalizes on Brazil's significant growth in fruit exports, which saw a 6% increase in 2023, reaching 1.06 million tons. Save Foods' eco crop protection solution aims to support Brazilian packers in meeting EU market standards, particularly the EU's residue limits. The partnership with the distributor is expected to enhance the post-harvest treatment of fresh produce, starting with limes and mangos, benefiting farmers, distributors, and consumers.
February 26, 2024 | 1:01 pm
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Save Foods, Inc. begins commercial activities in Brazil, targeting the booming fruit export market with its sustainable agriculture solutions.
Entering the Brazilian market, which is experiencing significant growth in fruit exports, positions Save Foods to potentially increase its revenue and market share. The company's compliance with EU standards and the focus on sustainable practices align with global trends towards environmental responsibility, likely appealing to both investors and consumers. This strategic move could positively impact SVFD's stock price in the short term as it taps into new revenue streams and demonstrates growth potential.
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