Vita Grain Group, which is backed by US $60 million of funding, owns more than 20 different strains of hybrid rice seeds. Vita Grain is looking for funding to expand its seed production beyond Africa to Asia, the US and South America. The company is also setting up a rice mill in Mauritius and is in talks with partners in Botswana, Madagascar and Mozambique to develop rice production units.
China's sovereign wealth fund, China Investment Corp, has bought a 14.5 per cent stake in grain trading and production firm Noble Group for US$850 million.
The Australian almond plantations of agribusiness group Timbercorp have been sold to Singapore-based multinational food giant Olam International for $128 million.
Le ministre des Affaires étrangères mauricien affirme que son gouvernement a acquis au Mozambique une vaste étendue de terre destinée à la production de riz pour son pays.
More land will be set aside for growing food while companies will be encouraged to work with farms overseas to ensure that Singapore has a ready and stable supply of produce.
The Leopard Cambodia Fund has set aside $1.8m to establish Cambodia Plantations, a Singapore-based company which will serve as an offshore finance vehicle for agricultural investments in central Cambodia. The drawdown will fund the establishment of a subsidiary that is in the process of obtaining a land concession in the province of Kompong Chhnang for rice cultivation.
At least six Singaporean companies want to start joint ventures with Cambodian partners to invest in the Kingdom's agricultural sector.
Singapore's Temasek is seeking to buy land in North Bolaang Mongondow, North Sulawesi, where they plan to grow high-quality rice.
