PNG Prime Minister Peter O’Neill and Agriculture Minister Benny Allan have promised the Philippines government at least one million hectares of land in Papua New Guinea for Filipino farmers to grow rice.
Despite repeated promises from the O’Neill government to cancel the agribusiness leases in Papua New Guinea, stretching back to 2013, almost nothing has been done.
Proterra Investment Partners, a private equity firm that was spun-off from agricultural giant Cargill, is raising $ 500 million to expand in Brazil, according to a person with direct knowledge of the subject.
FELDA’S investment in Indonesian oil palm planter PT Eagle High Plantations Tbk (EHP) is a bust according to International Palm Oil Monitor (IPOM), a due diligence report in relation to EHP’s acquisition detailed numerous concerns and improprieties.
Undersecretary of the Ministry of Economy says that investments in the fields of agriculture and food industries are among the prominent sectors that attract UAE investments abroad as the country currently imports about 80 per cent of its food needs.
Fonterra's owners are worried about the cooperative's $800m investment in establishing dairy farms in China, which yielded only $1m in earnings last year, despite a $38m subsidy of their operations by Fonterra's China ingredients division.
Sime Darby Plantation has planted only 10,000 hectares in Liberia and has not laid a seed in two years, stalled by uncertainties over new environmental standards.
Fourteen indigenous leaders and human rights defenders from forest countries called upon Dutch policy makers to take action against human rights abuses, land grabbing and deforestation in relation to large scale agriculture, timber logging and mining
In the province of Ucayali in Peru, international investors have snapped up huge tracts of land for oil palm plantations using dubious methods that leave local farmers destitute.
Payoff follows mediation by the dispute resolution office of the World Bank’s IFC but of the 36 farmers who were compensated, eight later rejected the deal and are expected to take their case to court this month
The initiative launched in 2012 to support African agriculture is accused of favouring multinationals and land grabbing.
The United Nations High Commissioner for Human Rights has noted persistent problems with land grabs in Papua New Guinea.
