Singapore

Vita Grain says priority is to support stock-piling of rice in Singapore

Vita Grain Group, which is backed by US $60 million of funding, owns more than 20 different strains of hybrid rice seeds. Vita Grain is looking for funding to expand its seed production beyond Africa to Asia, the US and South America. The company is also setting up a rice mill in Mauritius and is in talks with partners in Botswana, Madagascar and Mozambique to develop rice production units.

CIC to buy Noble stake

China's sovereign wealth fund, China Investment Corp, has bought a 14.5 per cent stake in grain trading and production firm Noble Group for US$850 million.

Cambodian fund Leopard Capital makes two new investments

The Leopard Cambodia Fund has set aside $1.8m to establish Cambodia Plantations, a Singapore-based company which will serve as an offshore finance vehicle for agricultural investments in central Cambodia. The drawdown will fund the establishment of a subsidiary that is in the process of obtaining a land concession in the province of Kompong Chhnang for rice cultivation.