Poor food safety standards and breakneck growth at Chinese mega-farms could impact companies’ bottom lines and cause reputational damage, an investor group warns.
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The government of Australia will provide A$1m to the Samoa AgriBusiness Support Project, a seven year program launched by the Asian Development Bank in 2015.
San Francisco-based Plenty has raised $200m from Japan’s SoftBank Group and other high-profile investors in what it calls ‘the largest agriculture technology investment in history’.
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 $197bn sovereign wealth fund groups agriculture together with life sciences, technology and three other sectors that its says reflect a rebalancing in favor of long-term opportunities.
The Vietnam-focused private equity firm is selling its shares in Vietnamese crop chemicals company Loc Troi in a listing that will value the company at $200m.
Mitsui & Co has acquired Top Seeds 2010, making it the third agri/food-related deal the Japanese trading house has announced since the beginning of the year.
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.
An SEC filing recently revealed $35m in funding designed to support private equity-backed vertical farming business AeroFarms’ plans to expand into the Middle East and Asia.
Nearly the entire $28.4 million in loans the impact investment firm approved in March went to support companies operating in the agribusiness and food-related sectors in emerging markets.