Brazil farmers reap from Adep’s financial lifeline
In order to allow Brazilian farmers to sell their crops between harvests and therefore achieve higher return, Abu Dhabi Equity Partners (Adep) provides inventory finance to them. In return, Adep takes title of the soft commodity. The Abu Dhabi firm has struck deals with Brazilian growers to provide financing worth $100 million for the first half of this year. Despite the risks in form of natural disasters the business has been widely welcomed by Adep founder Muneef Tarmoom's investors.