Food

Saudi Arabia has paid $188m for a stake in Brazilian beef producer as the kingdom bolsters food security through foreign agri asset purchases.

The fund, which combines private and public capital, will focus on projects in developing countries along the food supply chain.

QFG produces pre-cooked poultry, beef, pork and mutton for retailers and the restaurant, hotel and café industry in Poland and other European countries.

The amount of meat people eat would be reduced, but crop production for human consumption would take up the slack, the study suggests.

Hortifruti will grow within Brazil through acquisitions and new shop openings, says Partners Group managing director Gonzalo Fernandez-Castro.

The e-commerce giant is making sure it does not miss out on China's growing food delivery and online services market.

The alternative assets firm looks to access Asia while sticking to its water-rights strategy.

The private equity arm of Cargill has closed two funds: Black River Agriculture Fund 2 on $587m and Black River Food Fund 2 on $700m.

SABMiller is selling the two premium brands as 3G Capital-backed InBev waits for regulatory approval for its buyout of the brewing giant.

Australian herd numbers have fallen, which could open up more export opportunities for competitors to US and Chinese markets in Brazil, India and Argentina.