Inputs

Senior vice-president Neil Juhnke says the sale comes after a one-year trial confirmed the facility would struggle to compete in a retail inputs market increasingly defined by consolidation and scale.

EXEO partner Izak Strauss says firms like Masimong Group Holdings that invest to promote black empowerment in South Africa are increasingly interested in agriculture.

The sale of Pinnacle Agriculture followed warnings from Moody’s that the company’s leverage threatened to bring about additional restructuring or distressed debt exchange.

The investment into Warburton Technology has led to the creation of a new animal nutrition platform that will also house MS Biotech.

A portfolio company of the Chinese giant will be tasked with managing Dow’s Brazilian assets, which CITIC’s agri unit just bought for $1.1bn in a bid to “become global.”

The deal comes one year after CITIC Agri Fund Management was established together with Yuan Longping High-Tech Agriculture and two other listed agricultural companies.

The funding will be used to it will be used to further develop American Robotics’ integrated drone system for commercial farming and to expand its team.

Cargill is exiting the cattle feeding business to free up additional working capital to grow its North America protein business.

It’s the latest among a slew of African countries falling victim to the pest, which has emerged in regions already plagued by drought and wheat rust outbreaks.

Ultimately, the firm plans to help address the 20 billion pounds of produce that goes to waste each year due to surplus or cosmetic reasons.