Indonesia, the world's No.1 palm oil producer, signed into law a 2-year freeze on new permits that may prompt palm oil firms to seek new ways to grow supply to meet rising demand from India and China, such as buying more land in Africa
SA’s commercial agricultural skills are a sought-after currency on the continent, with Nigeria and Sierra Leone the latest to announce bold plans to recruit South African farmers to their countries.
Amid some misgivings about India’s acquisition of vast stretches of land, Ethiopian Prime Minister Meles Zenawi Wednesday rejected charges of land grab as “loose talk” and welcomed Indian investment for development.
Mr. Zenawi said it was possible that land-grabbing was going on elsewhere in Africa but not in Ethiopia, adding, “I want to reassure Indian companies that they are welcome here. We want them to come and farm what is virgin land.”
We must not suffer with a false ‘nationalistic’ sentiment because the same companies are disinheriting our own people from their land and using it for non agricultural purposes and then procuring huge land abroad to get it imported to India.
- CounterCurrents
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25 May 2011
Swedish pension buffer fund AP2 and US pension fund manager TIAA-CREF have formed a joint venture to invest at least US$500 million in farmland in the US, Australia and Brazil.
- Global Pensions
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25 May 2011
Ram Karuturi says he is targeting to acquire up to a million hectares of land in Ethiopia and other parts of Africa to build an integrated global agri-product company.
- Financial Express
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24 May 2011
Ukraine plans to lift a ban on the sale of farmland next year, Le Monde reported, citing an interview with Agriculture Minister Mykola Prysyazhnyuk.
If the early reports are anything to go by, the Bangladeshi deals already incorporate many elements that suggest they are being done in a way likely to engender fierce resentment and opposition in the African countries concerned.
- African Agriculture
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23 May 2011
Regulators are warning that a new real estate bubble may be forming across the US grain belt -- and National Australia Bank is right in the middle.
- Sydney Morning Herald
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23 May 2011
Colombia plans to nearly double agricultural land growing crops for food and biofuel, part of a new investment boom in the country as violence ebbs from a decades-long internal conflict fueled by drug profits.
According to the legislation, Kazakhstan has the right to lease land to foreigners for a period of 10 years says Vice Minister of Agriculture Saktash Khassenov