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Excess capacity in Australian dairy is the ‘new norm’: Fonterra
Fonterra’s strategic review continues with a Victorian factory closure and possible sales of Brazilian JV and Chinese farms.
Milltrust builds dairy portfolio in New Zealand for buy-and-lease fund
Milltrust Agricultural Investments has taken a 24.9% stake in a new entity managing a portfolio of eight dairy farms across the North and South Islands.
ABARES figures show mixed picture for Australian ag in 2019
The outlook for this year is worse for many, but the overall picture is of a resilient ag sector with a lot still to offer investors.
Bezos family office among group injecting $30m into mayo alternative
Elio Leoni Sceti, co-founder of lead investor The Craftory, says the investment into NotCo reflects a strategy designed to harness a 'seismic shift' in the relationship between brands and consumers over the past five years.
FarmCompany adds dairy to €40m Danish portfolio
The firm is consolidating a group of sustainable farmland assets in Denmark, which now total 1,605 hectares in the country.
Kilter Rural sells 50% stake to Regal Funds Management and launches A$250m farmland fund
Regal will also help raise funds for the Kilter Water Fund, while two of its directors will join Kilter’s board.
Fonterra sells livestock division to Carrfields as strategic review continues
The sale is the latest move in an ongoing review following the announcement of the cooperative’s first ever annual loss in September 2018.
China-focused consortium increases take-private bid for Capilano Honey
The Roc Capital and Wattle Hill vehicle raises its offer to A$21.00 per share for the Australian company amid speculation of a rival bid from listed dairy producer Bega Cheese.
Fonterra to review ‘all major assets’ after first-ever loss
The New Zealand dairy co-operative has posted a $129m loss as it writes down $289m on a Chinese investment.
Tariffs on Australian ag exports to Indonesia tumble under free trade deal
A raft of measures will come into effect following the new agreement, with livestock, citrus and dairy exporters set to benefit.
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