Singapore firms to invest in $16 bln China farm project
- Reuters
- 21 May 2010
Singapore plans to help develop a $16 billion agricultural project in northeastern China as the city-state aims to boost its food security.
Singapore plans to help develop a $16 billion agricultural project in northeastern China as the city-state aims to boost its food security.
Singapore could gain access to a major new source of meat, fruit and vegetables if a massive new farming project in north-eastern China takes off
Plantation company Kulim Bhd is paying US$175 million to buy some 25,000ha of oil palm estates in Papua New Guinea from the world's largest agribusiness company, Cargill Inc, and Singapore government investment arm Temasek Holdings.
The Australian almond plantations of agribusiness group Timbercorp have been sold to Singapore-based multinational food giant Olam International for $128 million.
Singapore's Temasek is seeking to buy land in North Bolaang Mongondow, North Sulawesi, where they plan to grow high-quality rice.