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每公斤12澳元!澳洲杏仁卖爆中国,农业REIT基金稳稳吃下这波红利
Sou Hu Cai Jing· 2025-06-02 00:49
Core Insights - The escalating trade tensions between the US and China have created significant opportunities for Australian farmers and fund managers, particularly in the agricultural sector [1][3] - Warakirri Asset Management's Steve Jarrott has made substantial investments in high-value agricultural assets, including wine, citrus, berries, and nuts, capitalizing on the increased demand for Australian products in China [3][4] Agricultural Sector Performance - Almonds have emerged as a major winner, with prices soaring to over AUD 12 per kilogram, the highest in a decade, due to punitive tariffs imposed by China on US almonds [4][6] - Australian almond exports reached AUD 762 million last season, a significant increase from AUD 570 million the previous year, highlighting the growing market position for Australian almonds [4] - The demand for citrus and berries is also rising, with Australian exports of oranges and blueberries showing strong growth, particularly blueberries which saw a 63% year-on-year increase [6] Investment Strategy - Warakirri's investment strategy prioritizes almonds, citrus, and berries as top investment categories, reflecting the changing dynamics in global agricultural markets [6][8] - The fund has made strategic acquisitions, including a AUD 15 million purchase of a 160-hectare citrus orchard and leasing a 59-hectare berry farm to Costa Group [8] - The fund's annualized net return is currently 5.91%, with a three-year annualized return of 5.78%, indicating stable performance in agricultural REIT investments [8] Market Trends - The rise of the Chinese middle class is driving demand for high-protein and high-value food products, benefiting Australian agricultural exports [5][8] - Australian agricultural products are perceived as clean, green, and high-quality, allowing for premium pricing in international markets [5][7] - Customization in production, such as producing visually appealing fruits for gifting, is crucial for meeting the preferences of Chinese consumers [7] Fund Composition - The fund's asset allocation includes 34% in wine, 19% in nuts, 18% in fruits, 16% in vegetables, and 13% in agricultural infrastructure, showcasing a diversified investment approach [11]