Food

Rabobank’s latest half-yearly outlook for global aquaculture shows that salmon producers have much to look forward to, while the outlook for shrimp farmers is more challenging.

New York-based EagleTree saw several of its fund co-investors, including Misland Capital, participate in the acquisition of Summit Hill.

Agri Investor visits Kilter Rural's seed asset in NSW to see how it will to transform a series of farms into carbon-positive and biodiverse natural capital assets.

The firm has already deployed approximately 40% of the vehicle and has had a A$1.5bn bid accepted by listed Australian agribusiness Costa Group.

Costa Group chairman Neil Chatfield said the deal is in the best interests of shareholders, despite Paine Schwartz having reduced its offer from A$1.6bn.

The pair hope to reduce the risk for commercial financing and want to catalyze ‘hundreds of millions’ more in investments.

The firm has become a prolific early-stage venture capital investor and has backed more than 130 companies since it was founded in 2018.

Blue Road typically makes investments worth $75m or more to secure its favored controlling or influential minority positions.

Paine Schwartz Partners has reduced its takeover bid for ASX-listed Costa Group to A$3.20 per share, down from a previous bid of A$3.50, after Costa lowered its forecast earnings for H2 2023.

The direct-to-consumer marketplace has more than 300 farmers selling directly to consumers in 13 European countries.