Korea Looks Abroad for Grain
- Chosun Libo
- 29 August 2008
It is becoming harder for Koreans to buy grain, regardless of price. That is why the government is hurrying to cultivate overseas crops and to secure stable import sources.
It is becoming harder for Koreans to buy grain, regardless of price. That is why the government is hurrying to cultivate overseas crops and to secure stable import sources.
Alarmed by exporting countries’ trade restrictions, importing countries have realised that their dependence on the international food market makes them vulnerable not only to an abrupt surge in prices but, more crucially, to an interruption in supplies.
In Cambodia, Laos and Myanmar, His Highness the Prime Minister od Kuwait’s visit was of great importance given the promising financial investment opportunities in those nations. One of the main topics discussed was food imports from these countries as a means for securing food supply, facilitating a Kuwaiti energy supply to them, as well as cooperation in oil exploration and the agricultural field.
As other countries have pushed their industrial bases thousands of miles offshore in search of resources and labor, China is doing the same thing with agriculture, expanding as far away as Africa in its effort to feed its people.
One would expect China to add food crops, or farm land, into its growing number of arrangements with African nations, which could explain part of China’s support for Robert Mugabe in that potential breadbasket, Zimbabwe (one report states that China has already received rights to farm 250,000 acres, or 1,000 square kilometres, of corn in southern Zimbabwe).
In March 2004, an agreement was signed between southwest China's Chongqing Municipal government and the Lao government to cooperatively build a comprehensive agricultural park in Laos for Chinese enterprises to produce grain. Leasing farmland overseas to produce grain has become a new way for China, a country with the world's greatest population but comparatively scarce soil resources, to solve its food supply problem.
Chongqing Seed Corp has decided to cultivate rice on 300 hectares in Tanzania from 2009
As Beijing scrambles to feed its galloping economy, it has already scoured the world for mining and logging concessions. Now it is turning to crops to feed its people and industries. Chinese enterprises are snapping up vast tracts of land abroad and forging contract farming deals.
"Economic development is spurring a land grab in broad areas of the country, and the poorest Lao are paying the price," reports the US Embassy in Vientiane
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