Sime Darby Bhd, which owns 220,000ha of oil palm estates in Liberia, plans to strengthen its presence on the African continent and is eyeing more land in Cameroon, Congo and South Africa. The expansion is part of a long-term strategy to double planted areas to one million hectares and be nearer to the growing markets of Europe and the US.
While Cargill says it is committed to sustainable and responsible palm oil production across its three plantations in PNG, the firm has been targeted by local and international NGOs, which claim it has polluted rivers and deceived local communities into signing agreements they do not understand.
Sime Darby Plantation Sdn Bhd is exploring opportunities in other African countries besides Liberia for its palm oil business expansion.
Ray White Rural chairman Paul White said there was interest in Australian rural property from Chinese, Malaysian and Indonesian investment groups, looking to secure their food supply for the future.
"It appears that offering our lands to foreign investors has always figured in the official agenda of Arroyo’s numerous state visits to other countries since assuming office, presumably in line with her "2 million hectares agribusiness development program," Anakpawis party-list Rep. Rafael Mariano of the Philippines said
Many governments in the region have been trying to address the food security concern by investing in farmlands overseas such as Sudan and Malaysia. John W Power, president, LSC International, feels this is unlikely to solve the problem in the long term, especially if the indigenous population is short of food.
Will Malaysia be emulating other nations by looking abroad to plant staple crops like rice, or rear cows, goats, chicken and fish to secure a sustainable food supply?
The state government is welcoming foreign investors wishing to commercialise padi planting in Sabah in order to increase rice production in the state, Deputy Chief Minister Datuk Yahya Hussin said.
CNN's John Defterios takes a look at how Middle Eastern countries are scouring the globe for farmland.
Over-developed, over-populated, and land and water scarce Asian and Middle East nations embark upon global land grab to produce food and agrofuels; threatening global human rights, rainforest and other natural ecosystems, and regional and global ecological sustainability. Deadly global ecological issues require global citizens to unite in escalating protest action!
Liberia's $800 million palm and rubber deal with Malaysian firm Sime Darby will create 20,000 much needed jobs in the West African country
Malaysia's biggest company Sime Darby has struck a deal with the Liberian government to develop oil palm and rubber estates in West African nation as land runs out at home and global demand for palm oil surges.
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Italy supports sustainable agriculture projects in Ghana
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