Big push from foreign investors into PNG
- Islands Business
- 12 July 2010
"We have Indonesians and Malaysians coming in and saying we want 100,000 hectares to make PNG a rice producing country," says PNG’s Deputy Prime Minister Sir Puka Temu
"We have Indonesians and Malaysians coming in and saying we want 100,000 hectares to make PNG a rice producing country," says PNG’s Deputy Prime Minister Sir Puka Temu
Foreign donors are promoting land registration in Papua New Guinea to facilitate a farmland grab, under the guise of agricultural development.
Plantation company Kulim Bhd is paying US$175 million to buy some 25,000ha of oil palm estates in Papua New Guinea from the world's largest agribusiness company, Cargill Inc, and Singapore government investment arm Temasek Holdings.
Cargill Inc., the world’s largest agribusiness company, has announced the sale of their palm oil plantations in the remote tropical nation of Papua New Guinea (PNG)
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.
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?
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Italy supports sustainable agriculture projects in Ghana
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