By Lynda Kiernan A deal struck between International Flavors & Fragrances (IFF) and DuPont will merge DuPont’s Nutrition and Biosciences (N&B) business with IFF through a deal that values DuPont’s N&B business at $26.2 billion. The agreement brings together two companies that have combined estimated revenues of $11 billion for 2019, and creates a global […]
By Lynda Kiernan EXEO Capital’s Agri-Vie Fund I has exited its investment in South Africa-based HIK Abalone Farm. After a partnership lasting more than eight years, the interest has been sold to African Pioneer Group. HIK was established in 1998 in the coastal town of Hermanus, and already had a strong leadership team and presence […]
By Lynda Kiernan China’s CNVM Investment has signed a deal with the Flinders Shire Council to advance the development of a $100 million meat processing facility and feedlot in the town of Hughenden, in northern Queensland, Australia. Called the Hughenden Processing Facility Project Development Deed, the agreement was signed during a ceremony involving Chinese Consulate […]
by Lynda Kiernan After a challenging year, Rifa Salutary, the Australian unit of China’s Zhejiang Rifa Holding Group, announced it is listing its Australian farmland and agribusiness holdings as drought hits its bottom line. Rifa made its first Australian ag acquisition in 2014, and two years later, in 2016, made significant additions to its farmland […]
by Lynda Kiernan Global compound feed production by volume is estimated to be 1 billion tons per year, and worldwide commercial feed manufacturing drives turnover of more than $400 billion, according to the International Feed Industry Federation – an international body consisting of feed associations from North and South America, Asia Pacific, Africa, Europe, and […]
by Lynda Kiernan Canada’s Burcon NutraScience Corp. has formed a joint venture with an undisclosed investor group to build a C$65M (US$48.2 million) plant in Western Canada for the production of pea and canola-based protein ingredients. Through the joint venture, Burcon and its partners have created Burcon Functional Foods Corporation (Burcon Foods), a new stand-alone […]
By Lynda Kiernan DowDuPont’s agricultural business, including crop protection and seed and trait operations, has spun-off from its parent company as of June 1. Last year the agricultural business generated $14 billion in sales across 140 countries, broken down to $7.8 billion in sales for corn, soybean, and other crop seeds, and $6.4 billion in […]
ECB Group, the holding company of Brazilian biofuel entrepreneur Erasmo Carlos Battistella, will be embarking upon an $800 million project to build an industrial facility to produce renewable diesel and renewable kerosene in Paraguay. The project, which was announced by Battistella during his presentation at Global AgInvesting 2019 in New York, and which will proceed […]
A collective of some of the world’s top all-star athletes are investing in plant-based meat producer Beyond Meat. The roster of names is being announced as part of the company’s Go Beyond campaign and includes Kyrie Irving, Shaquille O’Neal, Chris Paul, DeAndre Hopkins, Victor Oladipo, Lindsey Vonn, DeAndre Jordan, JaVale McGee, Harrison Barnes, Malcolm Jenkins, Derrick […]
In December 2018, DBS Bank partnered with Halcyon Agri Corp. to launch HeveaConnect, a digital trading platform for sustainable rubber. As part of the deal, DBS took a minority stake in the platform, and soon after, Japanese trading giant Itochu Corp. joined DBS as a joint venture partner in the project. HeveaConnect has agreed to […]
