Stevia Corp., a farm management company focused on the economic development of Stevia, the fastest growing product of the alternative sweetening sector, announced today that it has entered into a two-year development deal with Agro Genesis Pte Ltd, a Singapore based agribusiness solution provider. Stevia Corp. will be the exclusive distributor for Agro Genesis’ crop production technique, known as the g’farm system, and has gained right to use it for growing Stevia. All technology-related patents resulting from the project will be co-owned by Stevia Corp. and Agro Genesis, but Stevia will have the right of first refusal for all use and distribution rights of yielded patents.
“We are very pleased by this arrangement with Agro Genesis, as their practices are truly superior and we believe this agreement will significantly spur our growth in the sector. Given the rapid global adoption of Stevia, the market is expanding at an amazing rate and we are enthusiastically committed to placing ourselves firmly in the forefront of the opportunity Stevia clearly represents,” said George Blankenbaker, President, Stevia Corp. in a press release on Wednesday.
The g’farm system uses the best environmentally friendly agricultural techniques for sustainable farming and chemical free solutions to produce crops, incorporating variety screening, crop rotation, comprehensive nutrient management and soil conservation.
Stevia products are in 35 countries and 38 categories as of 2010. Zenith International estimates that in 2010 the worldwide sales of Stevia extract reached 3,500 tons with a market value of $285 million and forecasts a jump in the global market for Stevia to 11,000 tons by 2014.
For more information visit: www.steviacorp.us
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