Kulim buys PNG oil palm estates for US$175m

Plantation company Kulim Bhd is paying US$175 million to buy some 25,000ha of oil palm estates in Papua New Guinea from the world's largest agribusiness company, Cargill Inc, and Singapore government investment arm Temasek Holdings.

Cargill warns on self-sufficiency

Paul Conway, senior vice-president at Cargill, calls food self-sufficiency "a nonsense" and warns that overseas food production through land grabs will likely run into export bans by host countries

Ethiopia. Now is harvest time

In June 2009, the Indian company Karuturi took up intensive farming in Ethiopia. The harvest will be exported to Asia and Europe.