fruit

The Frutas Fund will initially invest in Citri&Co and Frutas Esther and could make acquisitions to expand their global presence and product range.

Rural Bank warns that the outlook for 2019-20 is ‘mixed’ and impressive growth in cattle exports this year was largely driven by an increase in production due to drought-induced destocking.

This year’s conference saw more LPs than ever before, as agriculture continues to grow as an asset class.

Meat processor Thomas Foods is selling the 5,728ha horticulture property, which has a High Security water entitlement for the Darling River.

The investment was made from 8 Miles’ first fund, Fund I A, which closed in August 2013 on roughly $200 million, sources confirmed to Agri Investor.

The fund will focus on own-and-operate properties growing kiwi fruit, apples and wine grapes.

China Resources Ng Fung has also developed an agent and distribution business for imported foods in China, and will work with New Zealand company Scales to improve its position as an exporter tin the country.