Black River Asset Management, a hedge fund run by an arm of the world's largest agriculture company, Cargill, has increased its stake in the unlisted agricultural company BFB Group
“We are aggressively looking for new areas in Sulawesi, Central Kalimantan and South Sumatra that are environmentally safe to expand our oil-palm footprint,” says president-director of the company’s oil-palm plantations in Sumatra.
Land grabs are a “bad idea” because they reduce trade volume in agricultural commodity markets, said Ruth Rawling, Cargill Inc.’s vice-president of corporate affairs for Europe, Middle East and Africa.
There is little international policing of land deals resulting in local farmers being forced off lands and deeper into poverty.
Cargill director says its corporate affairs team has constant interaction with African governments, and is encouraging them to change land regulations to facilitate investment.
Relatos por la Soberanía Alimentaria en Radio Euskadi, 13 de septiembre de 2012
Powered by a $34.45-million infusion from a Singapore-based hedge fund owned by Cargill Inc., the expansion and acquisition binge of AgriNurture Inc. has accelerated into a buildup of farm hectarage that will see the company buy up some 1,400 hectares.
The Obama model's first project in Mozambique will be to support Cargill, the giant grain trader and largest private company in the world, to take 40,000 hectares of farmland.
Le Français Lionel Soulard, directeur général de Cargill West Africa, basé à Abidjan, a entamé des négociations avec l’Etat ivoirien pour la mise à disposition de 50 000 ha de terres agricoles afin de créer des plantations industrielles de palmiers à huile.
The company may invest as much as 200 billion CFA francs ($380 million) to develop industrial palm-oil plantations and processing facilities in Ivory Coast within five years.
U.S agribusiness conglomerate Cargill plans to invest up to US$390 million in a 50,000-hectare oil palm plantation in Cameroon, an official at the Central African nation's investment agency said on state radio.
Le groupe américain mène «une mission de prospection qui vise à implanter en Afrique, notamment au Cameroun, au Liberia et en Côte d’Ivoire, une vaste plantation de palmier à huile.» On parle de 50000 ha.