A Chinese conglomerate is set to make the first direct investment in Australia’s fresh produce market.
Hong Kong’s Chevalier Group is reportedly in negotiations with one of Australia’s largest fresh produce supppliers, the Moraitis Group.
The company supplies supermarkets and greengrocers across the country with staples like potatoes, onions and bananas.
Senior horticulture analyst Mark Soccio, from Rabobank, says it’s not only the quality of Australian produce which is attracting investors.
“It’s certainly not just in Asia, but in Asia we do see that they do have a particuar interest in our supply chain technology and capabilities.”
Category: Hong Kong