- Sales have exceeded $2.3 million to date.
- $1.6 million of commercial sales secured this week
- First commercial deliveries of Pampafos have been completed
- Plant commissioning complete andwell positioned to support regular customer deliveries
Aguia Resources (ASX:AGR) has recorded increased sales of its organic phosphate product Pampafos within six weeks of commissioning of the Caçapava do Sul plant in Brazil.
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Sales have now exceeded $2.3 million with $1.6 million worth of sales secured this week to three agricultural product distributors in Rio Grande do Sul.
MD and CEO, Timothy Hosking, said this marks the commencement of meaningful product sales following successful plant commissioning.
In addition to these sales the first commercial delivery of Pampafos has occurred from Aguia’s Caçapava do Sul processing facility to the Markus family, a major soybean producer in the region.
“Pampafos’ first commercial delivery, together with additional sales secured through to the end of 2026 are significant milestones and confirm that the Caçapava do Sul operation has advanced beyond commissioning into customer fulfilment,” Mr Hosking said.
“These developments demonstrates that Pampafos can compete effectively with conventional phosphorus sources across relevant farming systems in southern Brazil.
“As a locally produced phosphate fertiliser, Pampafos is well-placed to support stronger supply security for Brazilian agriculture. We anticipate sales will accelerate from hereon as the local agricultural sector commences soil preparation ahead of the Summer planting season.”
Since commercial production began, Aguia Fertilizantes has expanded its market engagement across southern Brazil.
The company has established a strategic inventory ready for sales and immediate sales. Initial deliveries are underway, and product is available to meet customer demand during the peak fertiliser application season in August, September and October.
Aguia has also held multiple technical introductions and commercial discussions with customers across agricultural regions in Brazil, Uruguay and Paraguay, indicating interest beyond its initial target market.
AGR was up 5.56% to 1.9¢. Mkt cap $36.08M.
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