Wilmar secures 200,000 hectares of land in Merauke Food Estate for sugar plant
- Indonesia Today
- 02 September 2010
Company "currently assessing the quality of the land."
Company "currently assessing the quality of the land."
Warren Buffett’s Berkshire Hathaway Inc. is seeking a partnership with Brazilian billionaire Rubens Ometto and soybean grower Blairo Maggi to buy farmland in the South American country, Relatorio Reservado reported.
The number of investment projects in the agricultural sector in sub-Saharan Africa is at "unprecedented" levels, said Paul Runge of Africa Project Access at the ag investment conference in Durban
Galtere, a New York fund manager, said it was raising $1 billion to invest in production facilities for agricultural commodities -- including arable farmlands in countries such as Australia, Brazil and Uruguay -- that it planned to later sell or list publicly.
AgCapita's Stephen Johnston says Brazil's "sudden hostility to foreign farmland ownership" should make "developed markets such as Canada" more attractive to investors
45 new private equity funds are planning to invest US$2 billion in African agriculture in the next 3-5 years, according to participants at the Africainvestor Agribusiness Project Summit taking place in Durban
Brazil shocked foreign investors when President Luiz Inacio Lula da Silva said he was concerned about Brazilian land falling into foreign hands.
No-one should be surprised when people start describing the Merauke Integrated Rice Estate as a clear case of genocide by the Indonesian government, because it has been well-planned and well-organised.
Saudi and UK investors will travel to the Philippines in October to discuss "the possibility of food production in southern Philippines, with the government providing them the needed land".
Fonterra says it is having a "very close look" at relaunching a processing business in China as it faces a rapidly growing competitive threat from Chinese manufacturing startups with their own large-scale dairy farms.
Studies suggest that a third of the land sold or acquired in Africa is intended for fuel crops - some 5 million hectares. Friends of the Earth has looked at cases of land grabbing in 11 countries across Africa, from Ethiopia to Mozambique
Hassad Food, owned by Qatar's sovereign wealth fund, plans to acquire a sugar project in Brazil with a capacity to produce 25 million tonnes per annum, 70% of which will be shipped to Qatar.