Indonesia, the world's No.1 palm oil producer, signed into law a 2-year freeze on new permits that may prompt palm oil firms to seek new ways to grow supply to meet rising demand from India and China, such as buying more land in Africa
In 2009 Sime Darby Plantation acquired a 63-year concession covering 220,000ha in Liberia that it will developed into oil palm and rubber plantations
Company also in talks with the government of Cameroon on a project estimated to be worth $2.1 billion.
Southeast Asian palm oil firms like Malaysia's Sime Darby and Singapore's Golden Agri Resources are backpacking to Africa, in what could be the planet’s next trend-setter in inter-continental resource trade.
Industry giants such as Malaysia’s Sime Darby and Singapore’s Olam and Wilmar International are scrambling for fresh space in equatorial Africa.
It appears that the Bomi County operations of Sime Darby are being hindered as locals there are reportedly holding back lands leased by the government of Liberia to the company.
Le groupe malasien Rimbudan Hijau vient d’annoncer son intention de se lancer dans l’huile de palme après l'acquisition de milliers d’hectares de terres coutumières dans la province de Nouvelle-Bretagne orientale.
Indonesia's move to bring in a two-year moratorium on new palm oil plantations has seen agribusiness giants like Sime Darby switch expansion plans to Cameroon, Ghana and Liberia.
Zuellig Group will set up a 30,000-hectare corn plantation in the Philippines to ensure that its own feed milling requirements are met.
Asian palm oil producers are being accused of cashing in on Africa in their search to expand production
Felda Holdings, the world's largest estate owner, is in talks to buy up to 90,000ha of land across South-East Asia
The world's biggest listed palm oil firm, is on the lookout for more land, in a move sure to fuel the global grab for arable land as food prices remain high.