Dairy

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

The first Swedish pension fund has committed $39m to Southern Pastures' dairy fund, which is targeting a final close on $315m in December this year.

The Germany-based alternative asset manager has established a joint venture with New Zealand farm investment company, MyFarm.

The New Zealand fund manager attracted commitments from private and institutional capital.

Surplus supply of milk and other dairy products is driving down prices on the international market.

The Beijing Australia Agricultural Resource Cooperative Development Fund will invest across agricultural industries.

The US private equity firm has sold its remaining stake in the Chinese dairy company, raising about $80 million on the Hong Kong stock exchange.

The New Zealand dairy fund manager is expecting to close on just over NZ$200m, concluding four years of fundraising.

The US pension fund has increased its agri exposure, investing $30 million in New Zealand-based Southern Pastures.

The Chinese Australia Sino Hundred Year Agricultural and Food Safety Partnership (ASA 100), led by Australian billionaire Andrew Forrest, met last week to discuss presenting a unified approach to China business.