Argentina has an impressive ability, it seems, to bite the hand that feeds it: farming.
It’s an impression reinforced by Rabobank’s latest Argentine agribusiness outlook. Argentina’s farming sector, which makes up nearly 60 per cent of total exports ($47bn in 2012, and that was a bad year because of drought), is a key economic breadwinner, bringing home the dollars that are essential to an economically choppy country still with debt in default and cut off from international capital markets. Continue reading »
Olam, the Asian agribusiness, is looking to test out an ambitious diversification plan in Africa. In a way, it shouldn’t be a surprise – Olam started in Africa as part of an Indian conglomerate producing cotton for Nigerian markets, before it began exporting agri-commodities, and eventually morphing into a fully fledged rubber-to-cashews business listed in Singapore.
It is in Africa where the company is looking to branch out into fertiliser plants, plantations and consumer goods, according to Ranveer Chauhan, managing director and regional head for Olam in Africa. Continue reading »
With recession fears spreading across the globe, finding safe investments is becoming trickier by the day. There is one thing, however, that the world’s growing population is certain to spend on, even in times of recession: food.
Ukraine’s budding agribusiness and food companies are well positioned to help feed a hungry world. Among them is London-listed MHP, the country’s largest poultry producer.
“Ukraine today is still known as the breadbasket of Europe, but we hold vast potential to also become the meat basket of Europe by exporting meat and other value-added food products,” says Yuriy Kosyuk, CEO and majority owner of MHP. Continue reading »
After running into trouble with international sanctions in Iran, India’s top basmati rice exporter is focusing on Africa.
While Africa today consumes only small amounts of basmati, KRBL is seeing rapid growth – and it hopes to see much more in the coming years. As African consumers get richer, they are expected to develop a taste for more expensive imported foods. Continue reading »
Flower growers, among Ethiopia’s key export revenue earners, are confident that the death of prime minister Meles Zenawi, won’t push the govenment from its commitments to supporting agribusiness.
Hailemariam Desalegn, acting prime minister during Meles’ absence, is set to be sworn in as Ethiopia’s leader until 2015 in an apparent effort to smooth the transition, and is expected to carry on where Meles left off with supportive conditions for investors in agriculture, Ethiopia’s most important industry.
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