"This land [100,000 ha] is not meant to be leased to the Koreans as such, but a mechanism will be worked out on how the land must be processed," said a spokesperson for Tanzania's prime minister.
South Korea will develop 100,000 ha of farmland in Tanzania to make inroads into African and European markets, a state-run rural development corporation said Thursday.
The 'Food Pirates' are fast expanding their network, their reach and their control over land. And it is happening fast in our own neighbourhood, writes Devinder Sharma.
Depending on the way they are structured, these investments can either create new opportunities to improve local living standards or further marginalise the poor, writes IIED
The model of owning farmland and operating it suits long-term, low-risk investors, with most investments so far being from institutions. The downside is that farmland investments provide little chance of a quick exit, unlike more liquid holdings.
Bangkok was wary of GCC efforts to ensure its food supplies by purchasing rice growing lands, and now political instability is chilling the investment climate. Tom Spender reports
“We expect this impending land-lease deal with Saudi Arabia, courtesy of global land-grabbing’s No. 1 puppet in Asia, to displace thousands of farmers and agricultural workers. Ms Arroyo is selling out the country’s national patrimony under the guise of multi-million dollar investment packages,” Anakpawis party-list Representative Rafael Mariano said.
China Investment Corporation's purchase of an $856m stake in Noble Group, the commodities trading company, is the clearest indication yet that Beijing wants to secure agricultural commodities supplies after last year's food crisis.
The Republic of Congo expects to finalize a multimillion hectare land deal with South African farmers by the end of this year, Congo President Denis Sassou-Nguesso said on Tuesday.
Ten Saudi Arabian agricultural companies wants to make the Philippines their food production hub and distribution center in the Far East.
Fears have been raised of a possible increase in food insecurity in Pakistan if a deal to lease out 202,342.8 hectares of farmland to Saudi Arabia goes ahead.
Zimbabwe Investments Authority acting chief executive Mrs Elina Karwi said the most basic requirement towards facilitating agriculture-related FDI was making land for agriculture available.
