From Komfie Manalo, Opalesque Asia:
The Latin American Lumix AgroDirect, which is managed by Switzerland-based Lumix Capital Management, gained +17.54% since its inception in July ’09 and returned +0.19% in January, reversing its -3.73% finish 2011 and -1.87% in December of last year.
In its monthly communication to investors, Lumix said that the weather continued to be extremely dry in Argentina and Uruguay during January, leading the firm to further lower its yield projections.
However, Lumix’s projects in Central Brazil, on the have received good amounts of rain and the company expects yields to be slightly above their initial forecasts.
"Although both our summer crops have been affected, the impact has been more serious for corn, which received almost no rain at all during ......................
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