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Sirius Minerals Enters Into Exclusive Agreement

Sirius Minerals Enters Into Exclusive Agreement

Published by Karen Liu at 7:41am 25th April 2019.

Sirius Minerals has entered into an exclusive 10-year supply and distribution agreement with a leading European agribusiness group.

BayWa Agri Supply & Trade B.V. (BAST), a wholly owned subsidiary of BayWa AG, intends to actively distribute POLY4 through its Cefetra business, a well-established distributor and trader in Europe active across the agricultural value chain to the farmgate.

Chris Fraser, Managing Director and CEO of Sirius, comments:

"The European fertilizer market is highly advanced and the second largest in the world behind China. 

We are delighted to be partnering with a leading agribusiness to distribute our POLY4 product into this key market.

Our exclusive partnership with BAST will enable us to reach downstream customers through the groups' well-established and extensive logistics network and long-term, trusted relationships with farmers.  

Our exclusive partnership is structured to enable us to achieve maximum value for our POLY4 product."

Daan Vriens, CEO of BAST, comments:

"We are excited to be partnering with Sirius to bring a high performing, multi-nutrient fertilizer like POLY4 to customers across Europe through Cefetra.  

We believe in long term partnerships and we feel confident that this will be a successful new endeavour.  

POLY4 fits with our sustainability and farmer services strategies across our markets.  

This will provide farmers, via our extensive networks, a fertilizer product that promotes sustainable agricultural practice in our home market, Europe."


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