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While the drop is significant, production is expected to remain close to average levels in 2017-18 given that last year was a record-breaking season.

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.

The New York-headquartered agribusiness specialists are seeking between $300m and $400m for a vehicle targeting earlier-stage growth equity investments across agribusiness sectors.

The Enhanced Smallholder Protection Programme will look to encourage Zambia’s 61,000 smallholder farmers to transition from subsistence to market-oriented agriculture.

Inputs are likely to be the focus of agricultural investments from the Denver-based firm’s new vehicle.

The $60m vehicle is the third farmland fund from the Iowa-based firm, which is also active in pork and Brazilian ethanol.

Agro Merchants Group says the deal underscores the importance of Poland and Eastern Europe as key markets poised for expansion.

The Eastern Europe-focused investor has exited Covalact after the deal with French dairy group Lactalis was approved by Romania's competition council.

The Singapore sovereign wealth fund and the French agri-business investor were joined in their backing of the French malting business by sugar co-operative Tereos.

BTG hopes to raise $200m annually to build a diversified US timber portfolio, in part from assets within funds raised in the mid-2000s now reaching the end of their lives.