Cambodia: investing in land and food for foreigners
By admin on Jan 7, 2009 in Agriculture and Globalization, News Clippings, Rural Poverty in SEA, Sustainable Agriculture | 0 Comments
HungerWednesday brings this worrisome development in Cambodia. This is probably happening in other third world countries too.
Cambodia is a major target of the global landgrabbing surge that began in March this year when the world food crisis was at its peak. High-ranking foreign delegations have regularly been visiting Phnom Penh, looking to strike deals for access to land to produce food for export back to their countries. Overall, as much as $3 billion in agricultural investments are currently being negotiated with the Cambodian government in return for millions of hectares in land concessions. The largest deal so far is a bilateral deal with Kuwait involving a $546 million loan in exchange for a 70-90 year lease covering a “large area” of rice lands, where Kuwait will organise production for export back home. Meanwhile, over 100,000 Cambodian families lack food and many more are directly at risk from the escalating government-backed land evictions happening across the country.


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