Peru’s Agrícola Chapi expands avocado and table grape production with a cash injection

Peru’s Agrícola Chapi expands avocado and table grape production with a cash injection By Jessica Broadbent Peruvian agricultural export company Agrícola Chapi has received $130m in funding to expand its table-grape and avocado production. The funding from Canadian private equity firm Cordiant Capital will be allocated in stages until March 2024 and is part of a growth plan drawn up with Cordiant in 2022. Chapi aims to grow its production land area to 1,200ha of avocados and 900ha of table grapes. The Lima-headquartered…