Foreign investors run fingers through Ukraine's black earth
- bne
- 15 April 2011
Chinese and other eastern investors are looking to buy agriculture land and agribusiness across the globe, and Ukraine is increasingly on their radar.
Chinese and other eastern investors are looking to buy agriculture land and agribusiness across the globe, and Ukraine is increasingly on their radar.
Efficient agriculture needs “concentrated land ownership,” says President Viktor Yanukovych.
Investors pour $140m into an acquisition warchest raised by Kernel Holding, and $250m to support expansion plans at farm operator Mriya Agro.
First Deputy Head of Presidential Administration Iryna Akimova said that foreign nationals should be eligible for the privatization of agricultural land in Ukraine.
French farm investor AgroGeneration aims to double its business in Ukraine and make a foray in Argentina.
"Politically the (Ukraine) government wants to reassure the population that these traders are not going to export grain while the population starves," says the European Bank for Reconstruction and Development.
The Verkhovna Rada's committee on agricultural policy and land relations is checking reports that Libyan leader Muammar Gaddafi is renting farmland in Ukraine
Les terres agricoles ukrainiennes attirent les investisseurs étrangers. Des Français succombent aux sirènes de l’ancien “grenier à blé de l’Europe”. Deux de ces aventuriers racontent leur expérience.
Libya expects wheat imports to dip slightly on the back of an expected 50% rise in its wheat harvest this year, and is eyeing new investments in foreign farmland to ensure supplies, a government official said.
Asian and Middle East buyers want to buy agriculture companies in Ukraine to secure supply of grains and oilseeds, Vienna-based Raiffeisen Investment AG said.
Countries in north Africa and the Middle East are urgently seeking ways to soften the blow of surging food prices for their citizens, alarmed by protests against authoritarian rulers from Algeria to Yemen.
"The more state regulates and bans things, the more difficult it is to do business"
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