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Bio Huma Netics approved to import fertilizers to Brazil
Feb. 14, 2019
Huma, Inc.(formerly Bio Huma Netics, Inc. (BHN))
United StatesFollow
United States
Bio Huma Netics, Inc., producer of Huma Gro®and Fertilgold® Organics liquid crop nutrition and protection products, has been granted an unlimited import license to bring fertilizers into Brazil for commercial sale.
Brazil is one of the top 4 agricultural producers in the world, one of the largest agricultural exporters, and one of the largest consumers of fertilizers. BHN has been operating under a limited import license during the past year, which has allowed it to bring in small amounts of product for growers to try in anticipation of future sales.
Justin Smith, Executive Vice President of BHN Sales, said, “This is an incredible opportunity for us, one we’ve been working toward for over 2 years. Brazil’s fertilizer sector is growing rapidly, and they are particularly hungry for technologically advanced fertilizer products such as ours. We have terrific local operations and sales staff in place who are well connected throughout the Brazilian agricultural industry. This is a perfect time to introduce our Huma Gro®line of liquid fertilizers with Micro Carbon Technology®, and it won’t be too long before we also bring in our Fertilgold® Organics product line, as well. We conservatively estimate $4–$5 million in sales the first year, and it could grow much higher.”
BHN currently has 20 Huma Gro® liquid crop nutrition and protection products registered for sale in Brazil and will begin shipping immediately. Registered products are in the categories of Macronutrients, Micronutrients, Growth Managers, Soil Fertility, Organic Acids, and Biopesticides. It is anticipated that more products will be registered in the future.
Source: Bio Huma Netics
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