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TFS in $50m supply deal

Nedlands-based TFS Corporation has signed a $50 million supply deal for its Indian sandalwood oil with US-based Young Living under a five-year agreement.

TFS will supply the oil at $US4,500 per kilogram in monthly shipments beginning from October, with the total contract valued at about $50 million (including fixed annual increases of 2.5 per cent).

“The Young Living agreement adds to the strong momentum of supply contracts TFS has secured this year,” TFS managing director Frank Wilson said.

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