Rare Foods Australia (ASX:RFA) announced that it has signed a heads of agreement with France-based Winereef International.

As part of the agreement, an ocean cellaring trial of up to 13,000 bottles will be undertaken.

The trial is set to kick off in early 2024 and is expected to produce as many as 13,000 bottles of product by July 2024.

Rare Foods Australia is a company focusing on bringing unique culinary experiences to its customers through exotic and niche food products.