Food

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.

The Agribusiness Latin America II Fund has raised $349.05m and is understood to target annual returns of more than 20 percent by focusing on mid-market food and agribusinesses across Latin America.

New sources of investment and structural change are needed to increase Australia’s market share, Agribusiness Australia says.

South Africa’s agricultural sector has shown consistent improvement, but controversial land reform could hurt capital investment, according to Agbiz.

The Chinese grain trader now exclusively owns Dutch agribusiness Nidera and has selected Johnny Chi, chief executive of COFCO International and COFCO Agri, as Nidera’s new CEO.

Bullish on Australia’s agribusiness sector, PwC has hired a team of agri experts from PPB Advisory and has launched a new food safety assurance product.

Pipeline Foods will initially focus on helping established food companies create transparent supply chains for expanding organic and non-GMO offerings.

Sathguru Management Consultants has announced plans to raise a $100 million accelerator fund to support early-stage ventures leveraging technology to address food, nutrition and agricultural issues in India.

Agri-Vie Fund II will support mid and low cap companies across the supply chain in Sub Saharan Africa.

The firm plans to expand production and distribution of Nustef’s Reko brand pizzelles, an Italian-inspired waffle cookie.