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Verde AgriTech Ltd. T.NPK

Alternate Symbol(s):  VNPKF

Verde AgriTech Ltd is an agricultural technology company that produces potash fertilizers. The principal activity of the Company is the production and sale of a multinutrient potassium fertilizer marketed in Brazil under the brands K Forte and BAKS, and internationally as Super Greensand (the Product). K Forte is a potash fertilizer that is a source of potassium, silicon, and magnesium and micronutrients. BAKS is a combination of K Forte plus three other nutrients that can be chosen by customers according to their crops’ needs. It mines and processes its main feedstock from its 100% owned mineral properties, then sells and distributes the Product. Its Cerrado Verde Project is located in Minas Gerais state, Brazil, which is a potassium-rich deposit, from which it is producing solutions for crop nutrition, crop protection, soil improvement, and increased sustainability. Its technologies are Cambridge Tech, 3D Alliance, MicroS Technology, N Keeper, and Bio Revolution.


TSX:NPK - Post by User

Comment by PedroPistacioon May 27, 2022 3:06am
233 Views
Post# 34711208

RE:Transcript report

RE:Transcript reportI think the most interesting take-away for me was the bit about Russian potash still landing in Brazil in usual quantities. I had assumed supplies had been cut Someone else has commented on this here too. So, despite still being able to buy Russian potash, farmers in Brazil seem to be buying everything that Verde can supply. CV says that the price Verde sells at is the prevailing KCl price divided by 6, but he also talks about CIF prices for delivery to the farm gate, so I don't know whether he is actually offering Verde product a little cheaper than the competition in order to win business. Nevertheless he doesn't seem to be giving much away on price. Importantly the product is selling well whilst still having to compete against traditional potash, not simply because farmers have no choice, which to me increases the likelihood that the business has longevity and can hit these short, medium and long term production and sales targets. 
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