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Investment in agriculture by Chinese entities fell to zero in 2019, the first time this has happened since the Australian National University started compiling data in 2014.
Founder Nick Cooney says Asian family offices provided 70% of the $23m already raised towards a $50m target, as Asian governments introduce incentives to support investment into the alternative protein space.
Derecho storm
With a ready and willing buyer in China and logistics that have handled coronavirus well, US corn and soybean farmers just need weather conditions to play out in their favor.
Lion Dairy & Drinks is Australia’s second-largest milk processor but the proposed sale did not include any farmland, an area of concern during previously blocked Chinese takeover bids.
China’s Ministry of Commerce has opened an anti-dumping inquiry into Australian wine, after tariffs on barley were introduced earlier this year amid simmering trade tensions.
China has threatened major tariffs on barley while restricting imports of beef in what it calls an ordinary trade dispute but the Australian government suggests is ‘economic coercion’.
Unlike various other ag segments, fishing and aquaculture will continue to suffer as long as populations are in lockdown and restaurants remain closed.
Import and export restrictions, logistical delays and the spread of the virus itself are introducing new complexities to food supply chains, says Decernis chief executive Kevin Kenny.
Shopping trolley in supermarket
During a time of unprecedented global crisis and widespread turmoil across asset classes, ag industry stakeholders continue to feel upbeat about their investments.
Aerial view water treatment tank with waste water
Ken Mehlman says the $1.3bn vehicle will draw on KKR’s previous protein investments in Asia and support a focus on wastewater treatment in North America and Europe.
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