$1 Billion Ag Fund

Dan General, Industry News Release

China-based Investment Group Creates $1 Billion Ag Fund

Black and white 3D map of China-billion
An investment group based in Beijing, China plans to establish a $1 billion fund for special food and agriculture investment in Australia. Tsing Capital, an investment management company, says the fund will invest in high-tech fermentation and extraction of grains, cane and vegetables, with the intention of supplying the market for health foods and dietary supplements in mainland China. The plan is to invest in the entire supply chain, and will include establishing processing factories, according to the Weekly Times. Representatives from China and Australia plan to raise $500 million to $1 billion in capital, with the possibility of increasing that amount to $2 billion through loans. Organizers say Chinese demand is driving the investment. The end products for export to China are likely to include high-protein health supplements, tonics, pills and sports drinks, as well as vitamins.

From the National Association of Farm Broadcasting news service.