Dairy

Southern Pastures, the New Zealand dairy fund, has closed on $300 million after getting commitments from 100% institutional investors.

The Australian dairy fund manager, which doesn't want to disclose the size due to the potential impact on farmland prices, will hold a final close later in the year.

Two funds of funds are considering the Nigerian agri impact fund ahead of its final close. The fund made its first investment into a dairy business.

A recent report from government bureau ABARES indicates a 29% increase in average dairy farm cash incomes.

Abraaj invested in Yorsan, a Turkish dairy producer, in January. Here, Omar Syed, a managing director, discusses the private equity opportunity in food and agri.

Fonterra’s latest downwards revision of the milk price could hit some dairy farmers hard, according to Agro-Ecological, the New Zealand investment manager.

A free trade agreement has been agreed between Australia and China. It will reduce tariffs on lamb, beef, horticulture and dairy products.

The German alternative fund house is set to close on around $200m.

Competition between Australian and New Zealand dairy investment managers has gathered pace recently, but there are opportunities in both markets for the right investor.

Investments into Australasian dairy have gathered pace in recent months exposing the two countries’ different fundamentals, according to Cambridge Associates’ Peter Roney.