South Korea's Daewoo Logistics will plant corn in Madagascar, a company official said on Tuesday, with a long-term aim to replace more than half the corn it currently imports from mostly the United States.
Yang told the Philippine President that they are eyeing a 10,000-hectare land in Davao del Sur as possible site for their planned laboratory where they will conduct tests on the viability of growing traditional Chinese herbs, the main ingredient of JKG medicines.
Angola, one of the world's fastest-growing economies, has launched an ambitious plan to exploit both its fertile soils and high global food prices to attract $6bn (€4.3bn, £3.4bn) in agriculture investments over the next five years.
Once committed largely to perceived safe-haven investments in the United States, Gulf nations are now looking to send their petrodollar surpluses towards a more exotic global destination: Southeast Asian farmland.
Japanese food corporations are stepping up their diversification and security of food sources, in particular taking ownership of the entire supply chain, from owning the farms in other countries, through to the processing and distribution of the food stuffs.
China is looking at the Philippines to meet its domestic food and energy requirements even as the Chinese economy is being restructured into an enormous assembly hub of manufactured goods for the American, Japanese and European markets.