Daewoo says may delay Madagascar corn planting plan

South Korea's Daewoo Logistics said on Tuesday it might delay its massive corn plantation plan in Madagascar due to political instability and weak commodity prices, a move that could signal the first withdrawal of major foreign investment from the Indian Ocean island nation.

Food: The big land sell-off

With vast tracts of land being sold in Madagascar, and Sudan and other African governments actively seeking investors in agricultural land, are we witnessing a neo-colonial land grab or will the investment result in greater food productivity to the long-term benefit of recipient nations?

For South Korea, it is 99 years of farming

The South Koreans have indicated that they want to ship their output back home for their own domestic market, which is overdependent on imports. Officials in Antananarivo insist they will be able to keep some of the new supplies within the country. “We’re very excited because we’re frightened by this food crisis,” said Eric Beantanana, a spokesman at the Madagascar Economic Development Board.

Madagascar n'est pas à vendre

The Malagasy people staunchly oppose the grabbing of their lands and call on the Korean government, the leaders of Daewoo Logistics and the Korean people to take their resposibilities so that this project is called off!

Qatar land deal not unique to Kenya

The reported land deal between Kenya and Qatar is not unique. The Philippines Department of Agrarian Reform said in 2007 it was looking at large tracts of land for agribusiness development under a MoU signed with China. The memo calls for the development of land to grow hybrid corn, rice and sorghum.