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Showing posts from November 24, 2015

HURRICANE SANDRA LOOMS IN THE PACIFIC

AUSTRALIA : Manbulloo Mangoes to expand with $500k loan from Coles

Nov. 24, 2015, 3:16 p.m.
Agribusiness










NORTHERN Territory and Queensland mango producer Manbulloo Mangoes has received a $500,000 interest-free loan from the Coles Nurture Fund to expand production.






The loan aims to ensure customers can buy locally-grown mangoes at Coles.




The announcement came as Manbulloo managing director Marie Piccone was recognised as Entrepreneur of the Year at the National Telstra Business Women's Awards in Melbourne recently for the success of her business.




Manbulloo Mangoes is the nation’s largest producer of Kensington Pride mangoes.



The Manbulloo team will sell more than 4.5 million mangoes through Coles this season.





As demand for the tropical fruit increases, Manbulloo will embark on a major expansion project over the next four years, planting nearly 22,000 new mango trees on 130 hectares at its Katherine farm.




To kick start the project, Manbullo will use funding from the Coles Nurture Fund to prepare 30 hectares of land, install a bore and irrigation system, an…