This week, Saudi Arabia announced plans to invest in overseas fisheries, livestock and food production, and is reportedly trying to partner with Thai rice farms to lock in future supplies. Libya is in talks with Ukraine about growing wheat there, and as China tries to feed its expanding middle class, it’s looking to buy up farmland in Africa and South America.
Hedge funds and investment banks are swapping their Gucci for gumboots as they bet on rising food prices by buying farms.
La Libye et l'Ukraine ont signé un mémorandum sur l’exécution d'un projet de culture de 100 mille ha pour la production de céréales en Ukraine. Ce projet sera exécuté par le Portefeuille Libye-Afrique d’investissement et la société ukrainienne “Union Doytas”.
Soaring agricultural prices, growing demand for biofuels and the growth of the Chinese and Indian economies are leading top global investment banks to buy farmland in a bid to embrace the physical commodities market.
Libya plans to invest in the production of wheat in Ukraine on a surface of 100.000 hectares, in order to provide for the totality of its requirements
