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July 22, 2011

Berries For Brekkie? Paine & Partners Invests In Australian Produce Grower

By Beina Xu

Apparently, mushrooms are a high-growth matter in Australia.

A global increase in consumption of healthier foods has triggered an annual growth rate of 8% to 10% for the edible fungus in the country as well as similar rises in demand for healthy produce options such as berries, according to Paine & Partners.

With this in mind, the U.S. firm acquired a 50% stake in Costa Group, a Melbourne grower and marketer of produce.

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