Chilean exporter David del Curto has struck up a partnership with asset manager Moneda Asset. The deal will see significant investment in the troubled fruit exporter. The main aim is to allow del Curto to diversify into new varieties and increase production to levels enjoyed by the exporter before financial difficulties.
Del Curto has already been affecting a turnaround in its own fortunes before the strategic partnership - which has come about thanks to the Wold Bank’s International Finance Corporation which promotes sustainable private sector investment in developing countries.
According to Del Curto’s Rodrigo Durán, sendings this season are likely to be up on last year by 1.5 million cartons to 11m cartons. “Our stone fruit and grapes sendings to the US and EU so far this season have brought really good results,” said Durán.
The company now hopes that the Moneda Asset strategic partnership will allow it to plant new grape varieties as grapes make up half of its export volumes, as well as new strains of peaches, plums and cherries.
No comments yet