India

Wealthy countries short of fertile land are gazing hungrily at Canada's prairies

In the largest single agricultural investment, Ethiopia’s richest man Sheik Mohammed Hussein Ali Al-Amoudi, joined the bio-fuel sector in a joint venture with Jemal Ahmed, one of the biggest edible and palm oil importers in the country.

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.

"Since 2005, the Burmese Government has encouraged investors from China, Thailand, Bangladesh, and Kuwait to invest in contract farms," reports the US mission in Rangoon

Des pays en quête de ressources alimentaires et des groupes financiers séduits par les perspectives du marché mondial de l'agriculture acquièrent en masse des terres arables dans des pays le plus souvent pauvres ou émergents, un phénomène qui inquiète des ONG.

The global food and financial crises have combined to create a new form of colonialism in which countries short of resources and corporations desperate for profits are buying up arable land in emerging nations, NGOs say. The non-governmental organisations have expressed concern at this "global land grab," which they say is threatening the survival of rural livelihoods in some parts of the world.

Pour la République populaire, il est un héros du programme Go Abroad. Sa mission, hautement stratégique : investir les terres africaines pour y cultiver la petite graine magique

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.

Some of India's top vegetable oil firms plan to lease or buy land in Paraguay, Uruguay and Myanmar to grow oilseeds and lentils as farmland shrinks in the South Asian nation, a top trade official said yesterday.

Contributing their bit to the global Indian takeover, the government and India Inc plan to buy sizeable land abroad for cultivation. Seen as a long-term answer to keep prices of farm products under control, the grand plan envisages acquisition of large tracts of land in neighbouring countries like Myanmar and far off places like Paraguay.

Qudra Holding plans to buy about 400,000 hectares of land in the Middle East, Africa and the Far East by the first quarter of 2009 to boost its agriculture operations, reported The National.