The Pontal project has 30.000 ha of total area, with 8.000 ha irrigable. It will have a huge impact since it will be the first PPP of Lula government and will settle the framework for another 500.000 hectares.
"Some Saudi princes told president Lula they do not want to invest in agriculture in Brazil in order to sell here in Brazil, they want food supply sources," says Brazilian minister of Development Miguel Jorge
Billionaire George Soros’s Adecoagro venture, which invests in agriculture and renewable energy in Latin America, is considering an initial public offering to help fund projects in Brazil that include a $700 million sugar mill.
Sudan's minister of state for investment said yesterday he expects investments of $6-7 billion in the country in 2010, adding that Africa's largest nation is seeing increased interest in its agricultural sector.