Tropic’s non‑browning banana can now be imported, sold and consumed in Japan and Brazil, and may be grown in Brazil, Agronomics (LSE:ANIC) said — a move that clears immediate commercial routes into a high‑standard import market and one of the world’s largest producers.
Brazilian production accounts for around 10% of global banana output; the approvals therefore create local planting and supply‑chain opportunities that the company says will “support expanded consumer access, new commercial opportunities and substantial reductions in global food waste.”
The clearances also add to Tropic’s regulatory footprint: the company now has determinations, notifications or exemptions in eleven countries, including the USA, Canada and the Philippines — jurisdictions the announcement says represent more than 70% of the production market and over 30% of the consumption market.
“These approvals represent a major step forward in bringing innovative, waste‑reducing produce to consumers worldwide,” said Gilad Gershon, CEO of Tropic.
Agronomics first invested in Tropic in March 2020 and has invested £2.3 million to date, carried at approximately £2.22 million (about 1.6% of Agronomics’ reported NAV of £139.9 million at 31 December 2025). Tropic raised US$105 million in a Series C in March and plans to launch a Panama Disease (TR4)‑resistant variety in 2027.
