Tuesday, 3 March 2015

Global Agri & Food updates - 04March'15 !

1. Water&Soil, a Hungarian agtech firm that has invented a water-retaining solution for soil, is looking for $10m in private capital investment.

2. The real estate division of French insurance giant AXA marked the start of its aim to grow its forestry portfolio by acquiring a large swathe of forest land in Finland for €11.2m.

3. The life sciences venture capital firm Finistere Ventures II is raising $200 million for its second fund that will have a strong focus on agricultural innovation. VC firm AVAC and BayerCrop Science have invested into the fund as partners.

4. The USDA’s Economic Research Services is predicting farm profitability will fall by 32% on 2014, although farm wealth will stay at record levels.

5. While anti-GMO activists warn that the technology behind non-browning ‘Arctic apples’ is untested, unnecessary, and "dangerously imprecise", the grower behind them Neal Carter says he’s confident that the food industry and the American public will come to their own conclusions based on the facts.

6. Fruitapeel Juice is investing £2.3m ($3.5m) in HPP technology, and says the processing technique will help meet consumers’ enthusiasm for natural, nutrient-rich juices and smoothies.

7. PepsiCo Russia has announced it will close its juice factory in Ramenskoe, near Moscow.

8. The retail giant 'Target' will double the size of its 'Made to Matter' range of natural, organic, and sustainable products this year as part of a plan to "reinvent" its grocery offering and "deliver more organic, natural, gluten-free items" to shoppers.

9. People who consume between three to five cups of coffee a day may have a lower risk of coronary artery calcium build-up, which can lead to artery blockages, according to research published in the British Medical Journal.

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