US pistachio production fell in the last year as did demand in China, but Australia, the US and China stepped up almond and walnut production as Japanese, Chinese and European demand rose.
The deal marks the Sydney-based private equity firm’s fourth investment from the A$180m Allegro Fund II, which is about 40 percent deployed.
Jürgen Rigterink will replace Nanno Kleiterp, FMO's chief executive officer since 2008.
The IFC is stepping up its focus on Myanmar, where 70% of the population generate their main income from farming.
The manager is selling its beef cattle Quilpie Aggregation from its PKA-backed fund, including a ten-year government carbon abatement contract.
The Australian government has published its register of foreign interests in agricultural land, revealing that Chinese investors own less than half a percentage of foreign-held land.
The agribusiness and food-focused firm, which has invested 20 percent of its $893m Fund IV, has appointed former Potash chairman as strategic advisor.
CBRE, which is handling the sale, said the property is likely to attract institutional investor interest.
Chris Isaac says the UKAid-backed investment is aimed at helping to improve nut quality and export volumes to South Africa and Europe.
The firm's newly appointed president Angie Davis says the firm sees a deep pipeline of opportunities in Brazil as it analyses opportunities in Latin America, Australia and New Zealand.