A group of Chinese businesspeople under the umbrella of the Jiangsu Huaxi Group consortium plan to invest US$6.2 million in a 2,000 ha grapefruit agricultural project in the central Mozambican province of Manica.
The Wanbao Mozambique rice farm, the largest of its kind undertaken by China in Africa, aims to develop 20,000 ha of farmland and contract with farmers in surrounding areas to grow crops over another 80,000 ha.
China's foreign investment and cooperation in agriculture must recognize the "deep changes in the domestic and foreign environment," "seize opportunities" and "take the initiative" according to Ministry of Agriculture and Rural Affairs officials .
« Les achats de terres par les Chinois sont un épiphénomène qui a servi de révélateur à une question bien plus vaste : celui de la montée du phénomène sociétaire dans le monde agricole et de la financiarisation sans contrôle qui l’accompagne », souligne Jean-Baptiste Millard, du groupe de réflexion Saf agr’iDées.
China’s investment in foreign agriculture totaled $26 billion in 2016, with investments in 100 countries. But this may just be the tip of the iceberg. A new report by the United States Department of Agriculture to understand both the scale and purpose of foreign investment in agriculture, forestry, and fisheries.
China’s agricultural investment abroad grew more than tenfold in less than a decade and parallels its emergence as a major importer of agricultural commodities. But the focus of investments are shifting from farming and raw materials to business acquisition.