FAO believes that the time has come to give deep thought to creating the conditions to ensure the success of international ‘joint-ventures’ for food production
A South Korean company said Thursday it may delay a controversial project to develop a huge area of Madagascar for farmland due to political unrest in the Indian Ocean nation."We may have to delay our investment in Madagascar mainly due to political instability there," Shin Dong-Hyun, managing director of the financing and strategic planning department of Daewoo Logistics, told AFP.
Daewoo Logistics Corp. expressed wariness yesterday over growing political unrest in Madagascar and hoped that the situation would not affect a massive farm project it is pushing in the Indian Ocean nation. “It may be a bit of a dangerous investment,” Shin Dong-hyun, a Daewoo Logistics official, told Yonhap News Agency, commenting on spreading anti-government protests in Madagascar.
A group of Saudi businessmen have planned to invest over SR1 billion [USD267m] in agricultural projects in Ethiopia and Sudan on a staggered schedule within next few years.
Chinese companies are lining up to invest in African agriculture, but governments like Senegal must do more to limit the risks for investors, a veteran Chinese investor said.
Food import anxiety is spawning an entirely new genre of trade agreements as food-importing countries seek to buy or lease large blocks of land to farm in other countries, writes Lester Brown.
South Korea's Daewoo Logistics said on Tuesday it might delay its massive corn plantation plan in Madagascar due to political instability and weak commodity prices, a move that could signal the first withdrawal of major foreign investment from the Indian Ocean island nation.
When violence erupted in the island nation of Madagascar two weeks ago, few would have guessed that South Korean conglomerate Daewoo Logistics was partly to blame.
With vast tracts of land being sold in Madagascar, and Sudan and other African governments actively seeking investors in agricultural land, are we witnessing a neo-colonial land grab or will the investment result in greater food productivity to the long-term benefit of recipient nations?
A new scramble for arable land in Tanzania has started - the coastline and the fertile land in Northern and Southern Tanzania being the prime targets.
Somebody must have run the numbers and discovered that if it made commercial sense to practice oasis farming in the sands of Arabia, then it must make eminently more sense to invest in more fertile Sahel land for agricultural purposes.
In an exclusive telephone interview during her visit to Riyadh on Tuesday, Philippine President Gloria Macapagal Arroyo focused on measures by her country to strengthen economic ties with the Kingdom.
