Emerging Markets

Asset management firm says its agroforestry fund Moringa will announce a deal before the end of the year, while expansion into Latin America could bring further agri investments.

India's rice exports could fall by as much as 50% within five years, while the branded rice market could reach $3.5bn and spur private equity investment in the sector, says a Rabobank report.

The $70bn Oregon Public Employees Retirement Fund has invested $100m in Brookfield Brazil Agriculture Fund II, a $700m vehicle being raised by Canada's largest asset manager.

Black River Asset Management, the private equity arm of agribusiness giant Cargill, has sold its 26% stake in AgriNurture, a Philippines-based distributor and exporter of fruits and vegetables, at a significant loss.

The new fund will target both international and domestic investors and has already begun fundraising.

Nigeria has called on foreign investors to invest in its large agriculture sector, as it looks to reduce its reliance on imported foods and expand its exports beyond oil.

The search comes amid CDC's plans to extend the range of its activities to include direct equity investing and direct lending alongside its fund selection business.

Russia and China are creating a $10bn Russian-Chinese Far East Agribusiness Development Fund to invest in agribusiness.

The Indian dairy products company, which is owned by PE firms and development finance institutions, has extended its IPO and cut the price of its shares after struggling to attract investors.

Singapore’s Oversea-Chinese Banking Corp and its asset management unit Lion Global Investors have closed a S$550m private equity fund to invest in agriculture and commodity companies across Asia.