Myanmar's government has entered into a major development agreement with a consortium of Japanese companies to build tech, food and textile factories. But to make room, some farmers are being evicted and losing their livelihood.
Mitsubishi Corp. recently announced plans to acquire 20% of farmland operator Los Grobo Ceagro do Brasil S.A.(Ceagro) for about 3.5 billion yen. The companies also agreed on Mitsubishi’s prerogative to purchase grain preferentially from Ceagro.
Tanzania should seize the opportunity of rising food prices by investing in smallholder farmers and allow large scale foreign investors targeting exports, Agriculture Council of Tanzania (ACT) Chairman, Salum Shamte has said.
As many foreign and local investor are seeking to win a license to invest in the giant agriculture project in Papua, Indonesia, one unnamed South Korean investor has obtained a permit. Mitsubishi is also bidding. Binladin Group has been rejected.