Ag Property Trust, Rural Funds Management, Member of Investor Consortium Buying Perth Market
The government of Western Australia has placed its first asset up for sale under the State Government’s asset sales program via a competitive tender process. A consortium of more than 200 investors called Perth Markets Ltd. (PML) have purchased the state’s Perth-based wholesale produce trading center, Market City for $135.5 mill
Read moreLeveraging Agtech for India’s Smallholder Farmers
By Sarah Day Levesque Rohtash Mal has spent the last few years embarking on what he calls his second career – one that has immersed him in the Indian agricultural sector and now places him as founder and CEO of EM3 AgriServices. We spoke earlier this month from his home in New Delhi, India. He opene
Read moreHighlander Partners Acquires Specialty Ingredients Supplier
Highlander Partners announced it has acquired London-based custom specialty ingredients supplier, Fuerst Day Lawson Holdings Limited (FDL) in partnership with chief executive officer, Mac Mardi, for an undisclosed amount. Launched in 1884 as a niche commodity trader, and with operations in England, the U.S., India, and China,
Read moreSouthern Harvest Acquires 2,700 Hectares in Romania
Southern Harvest LP, a subsidiary of Anholt Investments, announced it has acquired 2,700 hectares of farmland in Romania through two separate transactions. Taken together, the added acreage effectively increases Southern Harvest’s Romanian farmland holdings by 45%. The bulk of the farmland is currently being farmed orga
Read moreSigma Investments and Egyptian Gov’t to Launch First Ag Commodities Bourse in ME
The Egyptian government is partnering with Jordan-based Sigma Investments to launch the first agricultural-focused commodities bourse in the Middle East by the end of this year, according to Reuters. The EGYCOMEX, Egyptian Commodities Exchange, was formed under a partnership of 20% government investment and 80% private investment, and
Read moreRomania’s InterAgro Companies Declared Insolvent
Begun 26 years ago as a fertilizer trader, InterAgro SRL Zimnicea and InterAgro SA, two of the largest agribusiness companies in Romania, have been declared insolvent by the Teleorman Court at the request of several of InterAgro’s lenders and partners, according to Romania-Insider. Black Sea Grain reports that InterAgro
Read moreTraceability: A Mandate Creates Opportunity for Tech Start-up
By Elizabeth Penney What’s your chance of getting food poisoning in any given year? According to the Center for Disease Control and Prevention, one in six. In the United States, that’s 48 million people annually who become ill after eating. Around 3,000 die. The Food Safety Modernization Act (FSMA)
Read moreMahindra Group Restructuring Agribusiness Units Into Single Entity
India’s $16.7 billion, diversified, Mahindra Group, announced it is restructuring and consolidating its agribusiness units into wholly-owned single entity. The move is designed to facilitate the group increasing its attention on pulse production, and to support its expansion into new segments including dairy products, processed foods,
Read moreAssociated British Foods in Talks for Full Ownership of Africa’s Biggest Sugar Producer
South Africa-based Illovo Sugar announced it is engaged in talks with its largest shareholder, Associated British Foods (ABF) regarding that company’s intent to acquire the rest of the company. ADF, which holds a 51.35% stake in Illovo, made it known that it intends to advance an offer of 20 rand per share for all remaining unow
Read morePE Firm, HKW Acquires Panos Brands; High Road Capital Exits
Private equity firm, Hammond, Kennedy, Whitney & Company, Inc. (HKW) announced that it closed on the acquisition of branded consumer food company, PANOS Brands from High Road Capital on January 29 for an undisclosed amount. PANOS has a portfolio of products centered on ‘better for you’ foods in the specialty,
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