Kalliope Gourntis
The capital injection will allow the company, a leading producer of pulses and rice, to refinance part of its existing debt, expand into organic ready-to-eat products and strengthen its ESG program.
AgCap has hired CBRE to sell the fund’s assets following a unanimous decision by its foundation investors, which include AustralianSuper and AMP Capital, to exit the fund despite double-digit returns.
OPIC has committed up to $75 million to the fund manager’s second agricultural fund, which like its predecessor will target the food and FMCG value chain in sub-Saharan Africa.
New sources of investment and structural change are needed to increase Australia’s market share, Agribusiness Australia says.
The new line of credit will finance LDC’s working capital needs in eight countries in Eastern Europe and North Africa.
Fonterra Ventures Co-Lab is an open platform that will allow anyone to submit innovative ideas such as new business models, services or technologies.
The new loan will go towards irrigation, transport, research and technology with a view to increasing productivity.
Phillip Cummins, QIC’s global private equity principal, explains how the Australian investment manager is rethinking agribusiness, how it mitigates weather and commodity risk and why it would consider investing in water.
Russia’s sovereign wealth fund has partnered for the first time with the Israeli investment firm to invest up to $100m in Russia’s dairy farming and milk processing sectors.
National Australia Bank expects cattle prices to fall further in 2017 due to softening demand abroad but is optimistic that weaker Australian dollar will help exports.