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Temasek expands agriculture focus

The Singaporean sovereign wealth fund's annual report revealed agriculture was among its top three sectors for investment in fiscal year 2015.

Temasek, the Singapore-based investment company, has increased its exposure to the life sciences and agriculture sector, according to its recently released 2015 review.

Life sciences and agriculture was one of the three top sectors in the fiscal year ending 31 March 2015, with the other two being consumer and financial services.

Life sciences and agriculture investments now account for 3 percent of the total portfolio, up one percent from 2014.

The firm invested $41.5 million in Star Agriwarehousing in April last year to strengthen the Indian agri supply chain. It also invested $104 million in Indian agribusiness Godrej Agrovet in 2012.

The firm made new investments of S$30 billion ($22 billion), the highest in seven years. About half of this was in Asia.

Temasek reported a net portfolio value of S$266 billion as of 31 March, up S$43 billion from the previous year.