New Zealand

The firm’s first regional Australia-New Zealand fund will convert from a 10-year closed-end fund in a move that could be replicated in its other funds.

Rabobank’s Global Dairy Quarterly finds upwards price growth in late 2019 stalled early this year, with the uncertainty over covid-19 leading to investors scrambling to assess the impact.

New Zealand is one of the few western countries to still export phosphate from the disputed territory, which the legal action from the Polisario Front seeks to highlight and curtail.

Market participants are ‘nervous and cautious’ as the coronavirus crisis drags on, with no end yet in sight.

NZ Super Fund deployed more capital into its beef JV Palgrove and is open to further acquisitions.

The move comes after two failed follow-on fundraising attempts and a raft of senior departures over the years.

Increased capital requirements for New Zealand’s banks will lead to higher interest rates and less appetite to lend to sectors like agriculture.

The NZ co-operative has taken its stake to 99.9% and has offered to buy the remaining 0.1 percent, with the Chilean business recently impacted by ‘challenging market conditions’.

Superfunds from Australia and New Zealand have both recently told Agri Investor about the difficulties of investing in ag. What does this tell us about what they need before deploying more capital in the sector?

NSW treasurer Dominic Perrottet has launched a study into the long-term lease of its commercial softwood plantation business, which sources say could raise as much as A$1bn.