JBA Holdings, a joint venture involving Heilongjiang Agriculture Co. and Joyvio Group, will invest $100 million in a soybean crusher and grain port in Russia, and will lease 100,000 ha to grow wheat, corn and soybeans.
Russia has made 1 million hectares (2.5 million acres) of arable land available to foreign investors. Far East Investment and Export Agency said that several Chinese companies had already expressed an interest in the deal. But analysts are sceptical about the quality of the plots on offer.
Two organisations expressed concern over land in Preah Vihear province, Cambodia after Hengfu, sugar company based in China, in 2011 and 2016 granted Economic Land Concessions of more than 42,000 hecatres by the Cambodian government.
Two global movements supporting Indigenous Kuoy communities in Cambodia submit a petition to embassies of China and Cambodia calling for the pullout and accountability of Chinese state-owned enterprise Guangdong Hengfu Group Sugar Industry Co., Ltd.
Cambodian government yesterday gave green light to a Chinese-owned firm, Longmate Agriculture Co Ltd, to invest in a banana plantation in Kampot province. Three plantatios cover 5,000 hectares of land that can produce up to 14,000 tonnes of bananas according to Cambodia General Director of Agriculture.
Longmate Agricuture Co., Ltd. une coentreprise d’investisseurs cambodgiens et chinois, a annoncé avoir investi 32 millions de dollars pour la culture de bananes sur 1000 hectares de terres dans le district de Chhouk à Kampot.
“In the long term, South America, and the Black Sea area still have great potential in their arable land, and can play a bigger role in the global soybean supply system,” says the president of state grains trader COFCO.