Rising wheat crisis | Pakistan eyeing corporate farming
- The Post
- 12 October 2008
Talks are on with investors from Qatar, UAE and Saudi Arabia. 25,000 Punjab villages will be affected.
Talks are on with investors from Qatar, UAE and Saudi Arabia. 25,000 Punjab villages will be affected.
Soaring food prices, supply fears among import-dependent countries and rising demand for biofuels have driven up investment in agricultural land, notably in Africa.
Angola, one of the world's fastest-growing economies, has launched an ambitious plan to exploit both its fertile soils and high global food prices to attract $6bn (€4.3bn, £3.4bn) in agriculture investments over the next five years.
"Jilin and other corporate entities in China are taking major steps to increase the amount of China-controlled soy plantation both in China and around the world," reports the US Consulate in Shenyang
Once committed largely to perceived safe-haven investments in the United States, Gulf nations are now looking to send their petrodollar surpluses towards a more exotic global destination: Southeast Asian farmland.
Japanese food corporations are stepping up their diversification and security of food sources, in particular taking ownership of the entire supply chain, from owning the farms in other countries, through to the processing and distribution of the food stuffs.
China is looking at the Philippines to meet its domestic food and energy requirements even as the Chinese economy is being restructured into an enormous assembly hub of manufactured goods for the American, Japanese and European markets.
"In a wide-ranging conversation, Sudanese business magnate Osama Daoud outlined a project to gradually develop as much as 1.26 million acres in northern Sudan for agricultural production," reports the US Embassy in Khartoum
Chinese investment in Africa is expanding beyond a race to secure minerals and energy sources to put an increasing focus on agriculture, the chief executive of Standard Chartered Bank said on Wednesday.
Un mariage d’intérêt pourrait naître de l’excédent de liquidités dans les pays du Golfe et de l’abondance de terres arables en Afrique. C’est le vœu de Gulf Finance, Al Ihmar et Abu Dhabi Investment House, trois mousquetaires de la finance islamique qui viennent de mettre en place, fin août, un fonds d’investissement agricole appelé Agricapital.
An expected call from Goldman Sachs could change 59-year-old pig farmer, Zou Changkui's (who resides in the southern Chinese city of Longyan) life forever.
"Initially we asked the Africans how much they wanted in rent. They said it's free, just share the food with us. We made a deal that we only pay $1 per year per acre in rent. At the start we didn't promote the idea because we didn't want people to say we were grabbing land."