Strong interest in AgriFood bodes well for Beston IPO

Morgans believe the current interest in the agri-food sector is due to 4 key themes. 1) Positive industry fundamentals i.e. the rising global population (6bn to 9bn by 2050) and decreasing arable land. 2) Investor switch from the mining boom to the dining boom. 3) Beneficiary of a lower AUD, lower oil prices and lower interest rates. 4) Recent FTA's increasing Australia's competitiveness in key export markets. With a 62 branch network across rural and regional Australia, Morgans is committed to the agri-food sector and is currently involved in the IPO of Beston Global Food Company which lists on 28th August. Beston is a diversified "whole supply chain" play on several agri-food products including meat, dairy, seafood and healthfoods and has received a strong response from domestic and international institutions and retail investors, most of which are also investors in other agri-food success stories i.e. Bellamy's (ASX:BAL), Select Harvests (ASX:SHV), Elders (ASX:ELD) and Capilano Honey (ASX:CZZ). Livewire readers can access our Beston IPO video interview here