US government cable discusses 24 January 2010 meeting organised by Swiss Development Corporation, UN Food and Agriculture Organization and International Fund for Agricultural Investment on "Land, Investment, and Development," attended by many of the key players working on responsible international agro-industrial and land investment principles
Japan is leading an international effort to define a new set of 'investor principles' to govern such deals. These efforts are gaining support but will need to involve investors, many of whom are far removed from the donors, global banks and multinational corporations that are used to working with such initiatives.
Russia is in talks with Japanese companies to secure investment in Siberian farmland and Pacific ports that would allow the world's No. 3 wheat exporter to carve a greater share of Asian markets, a senior grain official said.
The congress will look at one of the key trends in world rice and other food production, including the "off-shoring" of farm production by several influential countries, including China, South Korea and Japan, he said.
After focusing for decades on oil, metals and minerals, Japan's huge trading houses are turning to agricultural commodities, with Tokyo enthusiastically supporting the shift amid concerns about local and global food security .