Save Foods and Citrus Tree Treat Over 20 Tons of Fruit in the Brazilian Market
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Insights
The collaboration between Save Foods and Citrus Tree is a strategic move that taps into the growing global demand for sustainable agricultural practices. With Brazil's fruit exports experiencing a significant uptick, this partnership could bolster Save Foods' market presence and potentially increase its share value. The use of eco-friendly solutions to extend shelf life not only aligns with consumer trends favoring sustainability but also addresses the critical issue of food waste. By reducing spoilage, Citrus Tree can improve its profitability through better yield management and potentially command higher prices for its longer-lasting produce.
Additionally, the ability to maintain fruit quality while reducing the need for harmful pesticides could provide a competitive edge in the European market, where stringent regulations on pesticide residues are in place. This move could lead to an expansion of market opportunities for Save Foods and Citrus Tree alike, as consumers and regulators alike push for cleaner, safer produce.
Investors should note the potential financial implications of this collaboration for Save Foods. The reported 26.73% revenue increase in Brazil's fruit exports indicates a robust market with significant growth potential. Save Foods' entry into this market, particularly through a partnership with a major producer like Citrus Tree, could be a catalyst for revenue growth. The company's stock performance on NASDAQ could see positive effects if the project demonstrates tangible benefits in terms of reduced waste and improved fruit quality.
It's crucial to monitor the outcomes of this initial 20-ton lime treatment project, as it may serve as a proof of concept for Save Foods' technology. If successful, it could lead to further adoption within Brazil and other markets, thereby scaling up operations and potentially improving the company's financials. Investors should consider the scalability of this eco-friendly solution and its alignment with global sustainability trends when evaluating Save Foods' long-term growth prospects.
The use of Save Foods' eco-friendly solution represents a significant advancement in agricultural technology, particularly in the context of citrus production. The efficacy of such solutions in mitigating pathogens and reducing pesticide use is crucial for ensuring food safety and environmental sustainability. Extending the shelf life of produce is a complex challenge that involves controlling spoilage microorganisms without compromising the quality of the fruit.
Understanding the technical aspects of Save Foods' solution, such as its mode of action against pathogens and its compatibility with existing agricultural practices, is essential. If the technology proves to be effective and scalable, it could lead to a paradigm shift in how producers approach crop protection and post-harvest treatment. This could have far-reaching implications for the agricultural sector, potentially setting new industry standards for eco-friendly practices.
The Brazilian producer, Citrus Tree, applies Save Foods’ eco-friendly solution to extend shelf life in lime treatment project
Neve Yarak, Israel, March 14, 2024 (GLOBE NEWSWIRE) -- Save Foods, Inc. (NASDAQ: SVFD) (FSE:80W) (“Save Foods” or the “Company”), a leading Agri-Food Tech company providing sustainable solutions for agriculture and plant-based food, today announced its collaboration with Citrus Tree, a major producer and exporter of Tahiti limes in Brazil, under which over 20 tons of Tahiti limes have already been treated. The collaboration with Citrus Tree aims to demonstrate the efficacy of Save Foods’ solutions in mitigating undesirable pathogens and reducing hazardous pesticide residues on the fruit, ultimately extending its shelf life and reducing waste.
"We are pleased to kick off our operations in Brazil by collaborating with a leading producer in the market. This partnership reflects our commitment to providing eco crop protection solutions while allowing our customers to maintain high quality of fruit that is exported to Europe and sold locally in Brazil. Our goal in the collaboration is to assist Citrus Tree with extending the shelf life of produce and ensuring that consumers receive fresh, safe and sustainable products," said Dan Sztybel, CEO of Save Foods Ltd.
According to Fresh Plaza, Brazil's fruit exports surged by
About Save Foods:
Save Foods, Inc. is an innovative agri-food tech company that through its three operational arms delivers integrated solutions for improved safety, quality, and sustainability every step of the way from field to fork. Save Foods Ltd., Save Foods' majority-owned Israeli subsidiary, focuses on post-harvest treatments in fruit and vegetables to control and prevent pathogen contamination, significantly reduce the use of hazardous chemicals, and prolong fresh produce’s shelf life. NTWO OFF Ltd., Save Foods' majority-owned Israeli subsidiary, contributes to tackling greenhouse gas emissions, offering a pioneering solution to mitigate N2O (nitrous oxide) emissions, a potent greenhouse gas with 265 times the global warming impact of carbon dioxide. NTWO OFF Ltd., aims to promote agricultural practices that are both environmentally friendly and economically viable. Plantify Foods, Inc., Save Foods' minority-owned Canadian subsidiary listed on the TSXV, offers a wide range of clean-label healthy food options that are nutritious, gluten free, non-allergenic, use whole natural ingredients, and are easy to prepare. For more information on Save Foods Ltd. and NTWO OFF Ltd. visit our website: https://savefoods.co/.
Forward-looking Statements:
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on our current expectations, they are subject to various risks and uncertainties, Actual results, performance or achievements could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including market conditions as well as those discussed under the heading “Risk Factors” in Save Foods' prospectus filed with the SEC on February 7, 2024, and in any subsequent filings with the SEC. Except as otherwise required by law, we undertake no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. We are not responsible for the contents of third-party websites.
Investor Relations Contacts:
Michal Efraty
+972-(0)52-3044404
michal@efraty.com
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