Indonesia

Farmers' self reliance the only means to develop sustainable food security

Deputy for agriculture and fisheries to the coordinating minister for economic affairs Bayu Krisnamurthi earlier said that the government had given a priority to a regulation pertaining to the development of food estates to support Indonesia`s food security. According to him, the economic affairs coordinating ministry was drafting a regulation, 90 percent of which had been completed.

Welcome fades for wealthy nations

The initial welcome given to rich countries’ investment in African farmland by agricultural and development officials has faded as the first ventures prove to be heavily weighted in favour of the investors. The FAO warned of such a trend when it said this year that the race to secure farmland overseas risked creating a “neo-colonial” system.

South Korea's Daewoo to grow corn in Madagascar

South Korea's Daewoo Logistics will plant corn in Madagascar, a company official said on Tuesday, with a long-term aim to replace more than half the corn it currently imports from mostly the United States.

Qatar, Vietnam set up US$1b fund, eye agriculture, paper

8Natural gas exporter Qatar and Vietnam have set up a US$1 billion fund to invest in sectors including agriculture. Sovereign wealth fund Qatar Investment Authority will provide 90% of the fund's equity, Gulf Times reported, citing Phung The Long, Vietnam's Ambassador to Doha. "We have exchange ideas about setting up an animal farm for breeding cattle and lambs," The Long said.