Peruvian export company Agrícola Chapi has received $130m in funding to expand its table-grape and avocado production. The funding, from Canadian private-equity firm Cordiant Capital, will be allocated in stages until March 2024 and is part of a growth plan drawn up with Cordiant in 2022. Chapi aims to grow its production land area to 1,200ha of avocados and 900ha of table grapes.
The exporter is also part of a “genetic improvement programme”, a table-grape breeding initiative, in partnership with US fruit technology companies Sun World and IFG (International Fruit Genetics).
Source: just-food.com