NEVE YARAK, Israel - Save Foods, Inc. (NASDAQ: SVFD) (FSE:80W), an agri-food tech company specializing in sustainable solutions, has announced the launch of its commercial operations in Brazil. This development follows confirmation that the company's products meet local regulations, allowing its exclusive distributor in Brazil to initiate marketing and ordering processes.
The expansion into the Brazilian market comes as the country's fruit exports saw a 6% increase in 2023, reaching 1.06 million tons and generating over $1.2 billion in revenue. This marked a significant 26.73% rise from the previous year.
Save Foods aims to support Brazilian fruit packers with its eco-friendly crop protection solution, designed to maintain quality and adhere to the European Union's strict residue limits.
"We believe our eco crop protection solution is precisely what Brazilian packers need to continue their growth in the EU market," stated Dan Sztybel, CEO of Save Foods Ltd. "We're here to help them uphold quality while adhering to the EU's rigorous residue limits."
The company's entry into Brazil is timely, as suppliers of fresh produce are under increasing pressure to comply with the EU's Farm to Fork Strategy, part of the European Green Deal.
Endeavour Biologicos and Oxytrade Comércio, Save Foods' partners in Brazil, expressed enthusiasm for the collaboration and the opportunity to revolutionize post-harvest treatment of fresh produce, starting with limes and mangos.
Save Foods, Inc. operates through three subsidiaries, including Save Foods Ltd., which focuses on post-harvest treatments to reduce pathogen contamination and chemical use, and NTWO OFF Ltd., which offers a solution to mitigate N2O emissions. Plantify Foods, Inc., a minority-owned subsidiary, provides a range of clean-label food options.
The information for this article is based on a press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.