AgriNurture looking at $100 million from potential foreign investor | ABS-CBN

Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!
AgriNurture looking at $100 million from potential foreign investor
AgriNurture looking at $100 million from potential foreign investor
Michelle Ong,
ABS-CBN News
Published May 29, 2019 01:50 PM PHT

MANILA -- AgriNurture Inc is "looking" at a possible $100 million (P5.2 billion) investment from an Asian partner to help fund its expansion, president and CEO Antonio Tiu said Wednesday.
MANILA -- AgriNurture Inc is "looking" at a possible $100 million (P5.2 billion) investment from an Asian partner to help fund its expansion, president and CEO Antonio Tiu said Wednesday.
After expanding to rice from mangoes, bananas and pineapples, AgriNurture is looking at micro lending for farmers, Tiu told ABS-CBN News.
After expanding to rice from mangoes, bananas and pineapples, AgriNurture is looking at micro lending for farmers, Tiu told ABS-CBN News.
"Over the next 5 years, we will aggressively pursue inclusive growth in the agri sector by empowering our small partners," he said on the sidelines of the company's 10th listing anniversary at the Philippine Stock Exchange.
"Over the next 5 years, we will aggressively pursue inclusive growth in the agri sector by empowering our small partners," he said on the sidelines of the company's 10th listing anniversary at the Philippine Stock Exchange.
Farmers who avail of the loans will also have access to seedlings and fertilizers, he said.
Farmers who avail of the loans will also have access to seedlings and fertilizers, he said.
ADVERTISEMENT
With rice imports, the staple grain could account for half of the company's total revenues, he said.
With rice imports, the staple grain could account for half of the company's total revenues, he said.
"It's just rice portfolio is exceeding growth because of economies of scale. Rice, we bring in shiploads. Fruit, we export only by container. That's a big difference," he said.
"It's just rice portfolio is exceeding growth because of economies of scale. Rice, we bring in shiploads. Fruit, we export only by container. That's a big difference," he said.
Incorporating technology in farming will help lure young people to agriculture, who may not think of it as sexy, he said.
Incorporating technology in farming will help lure young people to agriculture, who may not think of it as sexy, he said.
Happening this morning: Tony Tiu’s Agrinurture celebrates 10th listing anniversary @ANCALERTS pic.twitter.com/N5L4fSfoP6
— Michelle Krystle Ong (@michelle_d_ong) May 29, 2019
Happening this morning: Tony Tiu’s Agrinurture celebrates 10th listing anniversary @ANCALERTS pic.twitter.com/N5L4fSfoP6
— Michelle Krystle Ong (@michelle_d_ong) May 29, 2019
ADVERTISEMENT
ADVERTISEMENT