Food Revolution Group ships first Fruit Farm orange juice to China
Wednesday, 13 February 2019 Food Revolution Group Ltd (ASX:FOD) has shipped its first orders of Fruit Farm orange juice to China, following receipt of purchase orders and payment from strategic partners Careline and JJ Global Fine Foods. The order forms part of a strategic distribution agreement with Careline to target at least $20 million per annum of additional sales within two years. Fruit Farm cloudy apple juice and orange juice Final production samples of the 2-litre fruit farm orange juice were also shipped to JJ Global for final approval before eventually being distributed for sale through high-end hotel chains across China, including the Marriot Group (300 hotels), Accor (+160 hotels), the Hyatt and the Shangri La. The juice is also being distributed across all major supermarkets, including China Walmart and Carrefour. READ: Food Revolution Group upgrades processing facility due to high Chinese demand As a result of these distribution deals, it is expected that demand for the FOD products will grow rapidly across China and lead to strong sales volumes once China Inspection and Quarantine (CIQ) certification is achieved. CIQ approval means FOD products are approved for sale in physical stores in China. - Jessica Cummins
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20.03.2019 / 07:56
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