June 22, 2011

Argentinean farmland get investment from China

Chinese investors are flocking to Argentina to invest in farmland, over the last three years China has invested in energy and minerals, but now farming is attracting more attention. During the last 12 months China has invested US$15.6 billion (€10.833 billion) in Latin America with about 60 percent going to Brazil and 40 percent to Argentina.

China's largest farming company Heilongjiang Beidahuang Nongken Group, has agreed a joint venture with Argentina's Cresud SA to buy land and farm soybean. Heilongjiang Beidahuang's chairman, Sui Fengfu, told Dow Jones Newswires in March that "the company plans to buy 200,000 hectares of overseas farmland this year, and that Latin America is a key target. The company is already farming 2 million hectares of land outside China". Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers

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