JBA Holdings, a joint venture involving Heilongjiang Agriculture Co. and Joyvio Group, will invest $100 million in a soybean crusher and grain port in Russia, and will lease 100,000 ha to grow wheat, corn and soybeans.
Russia has made 1 million hectares (2.5 million acres) of arable land available to foreign investors. Far East Investment and Export Agency said that several Chinese companies had already expressed an interest in the deal. But analysts are sceptical about the quality of the plots on offer.
Saudi Agriculture and Livestock Investment Company has joined the UAE's Al Dahra in a US$1.3bn joint venture to make agribusiness acquisitions in 10 countries in the Black Sea region, including the acquisition of farmland.
Report gives an overview of the availability of information for land concessions in Brazil, Canada, Cambodia, Colombia, Indonesia, Liberia, Madagascar, Malaysia, Mexico, Myanmar, Papua New Guinea, Peru, Republic of the Congo, and Russia.