A world-leading tomato producer in Brazil has agreed to sell its tomato plant fertiliser to a farmer who will be able to produce more tomatoes per hectare for his farms.
The deal with the plant owner, a Brazilian company called TEC, means that the company will be in a position to grow more tomatoes.
TEC will pay $5.6 million to buy the plant from Brazilian company Pampas.
The plant will be shipped to Brazil, where it will be turned into fertilizer.
The fertiliser is already available to farmers who grow tomatoes in the United States and other countries.
The company said it will continue to grow and sell the fertilizer for now.
Tec said the deal is part of a strategy to bring in new markets and improve the quality of fertilizer for farmers.
The tomato plant has been growing in Brazil since the early 1990s.
It produces a wide variety of fruits and vegetables including tomatoes, cucumbers, peppers and eggplants.
Têtamos group, which has plants in Brazil and around the world, is the biggest producer of fertiliser in the world.
It has more than 800 plants worldwide.
TEMPO.UL report: 10 reasons why your local news is important to you