PNG: Billionaire financiers erode food sovereignty, says new report
- Pacific Media Centre
- 14 October 2014
Siva Group's oil palm plantation land deal in Papua New Guinea described as "one of the worst land development schemes ever".
Siva Group's oil palm plantation land deal in Papua New Guinea described as "one of the worst land development schemes ever".
UkrLandFarming, the Ukraine agriculture giant in which Cargill bought a stake in January, is seeking further investors to fund a warchest for buying on the cheap groups brought low by the country's crisis.
EBRD's agribusiness clients say they want a functional land lease market that will eliminate land tenure issues.
Palawan, in spite of its unique recognition as a UNESCO Man & Biosphere Reserve, has not been spared from massive investments in extractive resources and industrial agriculture, especially oil palm development.
The land covers 204 hectares, is 235km from the port at Dar es Salaam and is next door to Obtala’s existing tomato, fruit and pepper farm.
The collusion of local, national and international money and power is more and more legalizing the disowning of people of their lands in the name of economic growth, development or investment.
The government has signed investment agreements with foreign companies including France's Louis Dreyfus Commodities, Algeria's Cevital, Export Trading Group of Singapore and Switzerland's Ameropa.
The offer for New Britain Palm Oil Ltd would give Sime Darby over 140,000 ha of oil palm and sugar plantations in Papua New Guinea, as wells as 28,000 ha of lands on which to expand.
Oil palm development should never have been initiated in Palawan, the last ecological frontier of the Philippines
Davies will be responsible for managing the European platform for Westchester, a TIAA-CREF majority-owned global agricultural asset manager, as well as building the firm’s direct farmland investment business in Europe.
Karuturi Global Ltd, the Indian multinational that made its name in the global cut flower industry and recently acquired more than 300,000 ha in Ethiopia to produce food, is continuing its painful and massive decline.
NGOs have filed a new complaint against Australia’s ANZ Bank claiming it owes compensation to 681 Cambodian families who say their farms were illegally grabbed by a sugarcane plantation the bank helped to finance.