Local provincial governments are working hard to develop farmland in other countries -- Russia, Cambodia, Mongolia, Indonesia, the Philippines, Paraguay, Uruguay -- because it’s cheaper than relying on imports
Buenos Aires-based Cresud plans to acquire more land to add to the 484,000 hectares (1.2 million acres) it owns and the 90,410 hectares it leases in Argentina, Brazil, Paraguay and Bolivia
Volatility in commodity markets tends to boost consolidation in the agriculture sector as firms require more capital and improved risk management, the executive officer of French giant Louis Dreyfus said Tuesday. One of the company's focus now is on farmland.
The Solvent Extractors’ Association of India, a body of over 800 edible oil producing companies, is looking to buy tracts of agricultural land in South America, Africa and Myanmar.
The Solvent Extractors Association, the Indian oilseeds industry body, has formed a consortium of 18 companies to acquire 10,000 hectares of prime farmland in a $40-million deal in Uruguay and Paraguay to cultivate oilseeds and pulses. The association says they are hamstrung only by access to finance, otherwise they have it all sewn up.
India's edible oil industry, which has been trying over the past couple of years to venture into oilseeds cultivation in Paraguay and Uruguay, but could not make much headway due to high cost of finance, is charged up again to take fresh initiatives to realise the dream project.
Corporate pitch from Uruguay-based private equity firm Allied Venture for Indian investors to go into outsourced agriculture in Latin America
Allied Venture promo video for Indian investors
Japan is considering providing loans from a government-owned bank for companies to purchase and lease farmland abroad, Munemitsu Hirano, counsellor at the international affairs department of the Ministry of Agriculture, Forestry and Fisheries, said.
La empresa India RCPL Food Processing Pvt. Ltda. desea invertir en la agroindustria de Paraguay, que a mediano y largo plazo puede llegar a US$ 500 millones, informó ayer su director, Dr. Satyendra Yaadav.
Driven by food security concerns, about 15 companies, led by the State Trading Corporation (STC), have formed a consortium to engage in corporate farming either in Paraguay or Uruguay. Among other notable firms that have joined the consortium are Gujarat Ambuja, Ruchi Soya Industries and Jhunjhunwala Vanaspati Ltd.
The Indian government is considering a proposal to enable banks and financial institutions to finance acquisition of farm land overseas for cultivation of pulses and oilseeds.
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