Food Processing

The Chilean firm is launching its second agri-food fund and its first is 60 percent invested.

The investment is part of ADM's strategy to improve efficiency for another portfolio company, Yeeda Pastoral.

US pistachio production fell in the last year as did demand in China, but Australia, the US and China stepped up almond and walnut production as Japanese, Chinese and European demand rose.

The agribusiness and food-focused firm, which has invested 20 percent of its $893m Fund IV, has appointed former Potash chairman as strategic advisor.

Chris Isaac says the UKAid-backed investment is aimed at helping to improve nut quality and export volumes to South Africa and Europe.

The firm is cutting down its interest in the international meat company by selling a 10 percent stake for $1.19bn, two years after the portfolio corporation was listed.

Agriculture, food and retail will be top priorities for the Sino-Russian vehicle, which will also target mining and infrastructure investments.

The fund, which has raised NZ$32m to date, will target agtech, agribusiness and food, but not farmland, according to Oriens Capital chief executive James Beale.

Australian impact investment firm Blue River has carved out agribusinesses as one of eight areas it believes its investments can have positive social impact.

Following this month’s Carlton Hill station deal, the two companies are looking at further feedlotting and finishing beef investments in the region.