A new Chinese fund called the Beijing Australia Agricultural Resource Cooperative Development Fund created through a joint initiative between the Beijing Agricultural Investment Fund and Yuhu Agriculture Investment Pty Ltd. has been formed to invest $3 billion in capital into the Australian dairy sector with particular focus on infant formula, but also in beef, lamb, and other agricultural businesses. The new fund will also supply Australian agricultural products and services to the Chinese market. Beijing Agricultural Investment Fund was founded in 2009 as the country’s first agricultural investment fund by Beijing Capital Group. It owns 25,000 head of cattle on five farms across China supplying milk to China’s major dairy processors such as Yili, Mengniu Group, and Sanyuan Group. Yuhu Agriculture Investment Pty Ltd. is a subsidiary of large-scale investment company Yuhu Group.
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