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The US mid-market consumer investor has sold the Canadian coffee roasting company to Italian roasters Lavazza.

A discussion at the IntraFish Seafood Investor Forum in New York highlighted the need for specialized managers amid a surge of investor interest in the sector.

The investment marks Spice’s first since revising its investment strategy in July 2016 to focus on direct investments.

The funds were pooled from members of the Farm Credit System, a nationwide network a group of banks and lenders chartered to serve agriculture and the US rural economy.

“Prior to the cyclone, crop expectations were some of the best seen in years," Nick Waters, investment director at Blue Sky Alternative Investments, told Agri Investor.

The investment in second vehicle from Agricultural Capital Management marks the first agricultural investment for the $15.6bn pension.

“The recovery in agriculture and mining will drive growth this year,” according to a statement from the organization.

As of March 31, 2016, the Natural Resources portfolio held assets of $2.5bn, 16.8% of which represented agriculture.

A recent Rabobank report highlighted Calysta’s FeedKind as among the most promising of a group of alternative protein fishfeed products.

China will allow US beef imports as soon as possible but no later than July 16, 2017, while the US will publish a proposed rule by that same date that will allow imports of cooked Chinese poultry into the US.