Emerging Markets

The transaction marks the first exit for the firm’s Agri-Vie Fund I, which invested $4 million in the South African company in 2009.

The outlook for Brazil’s sugar and ethanol sector remains bleak, Fitch says, with more defaults and bankruptcy filings expected.

The UN organizations will devote $8.7m to creating plans to help strengthen rural communities and agricultural competitiveness in the country.

The World Bank affiliate will provide a $60m loan from its own account and help facilitate an additional $40m in financing to support Nibulon’s efforts to increase its trading volume.

In July, the developmental finance institution’s board will consider a loan supporting expansion plans of Singapore-based agri trader Agrocorp.

The guarantees from the World Bank’s credit and political risk insurance arm will go to the country’s agriculture and infrastructure bank, with Standard Chartered Bank signing $500m in term loans.

Former MetLife director of research Hugues Rinfret lays out the case for a protein-food centered investment strategy.

The $402.5m deal includes more than 300,000 acres of timberland and a plywood and veneer manufacturing business in the South American nation.

With support from the IFC, Rabobank and other lenders, the Argentine soy exporter will be able to boost crushing capacity and build a new grain port at its Timbues plant.

The $100m investment in FKS Food and Agri aims to bolster the company’s logistics and processing operations for both domestic and wider South-East Asian markets.