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Daewoo Logistics to lease half of Madagascar
From the Financial Times – In the world race for food crops, Daewoo has secured a 99 year lease of 1.3m hectares of farmland as countries are concerned about long-term supplies.
This is a bit scary, and the report also mentions this make create a “neo-colonial” system. What will happen in Madagascar when they get short in food supplies, when prices will Soar in Africa, but remain relatively low in Korea, thanks to these overseas farms.