Food Production News
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The Rockefeller Foundation marked the centennial of its founding with the announcement this morning of a $100 million global disaster-preparation fund aimed primarily at helping cities handle climate-related or man-made disasters.
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Venezuela President Nicolas Maduro accused Lorenzo Mendoza, owner of Empresas Polar SA, Venezuela’s largest privately held company, of reducing food production and creating shortages amid record scarcity and the region’s fastest inflation.
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Nigeria is targeting $10 billion of investment in farming to boost domestic food production by 2015, as Africa’s most-populous nation seeks to reduce a reliance on imports, Agriculture Minister Akinwunmi Adesina said.
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Vireol Ltd. plans to raise about 80 million pounds ($125 million) to invest in building a bioethanol plant in northeast England, gaining a foothold in a market that may be worth as much as 1.5 billion pounds by 2020.
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After India banned exports of wheat in 2007, neighboring countries panicked and limited their grain sales, which pushed prices to records and sparked food riots from Egypt to Haiti for the next year.
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Remgro Ltd., a South African company with interests in banking, food production and health services, said first-half earnings fell 35 percent on debt refinancing charges for Mediclinic International Ltd.
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The global food system needs to cut its dependence on fossil fuels to feed a growing world population, the United Nations’ Food and Agriculture Organization said.
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Lee Geun Hong is a rare example of wealth in South Korea’s countryside, known for its shrinking population and decades-long farming slump. Driving a Mercedes rather than a Hyundai, the former Samsung Heavy Industries Co. executive says that may soon change.
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Serbia and Abu Dhabi-based Al Dahra Agricultural Co. will form a company next month that will invest about 300 million euros ($409 Million) in producing, processing and exporting food from the Balkan country.
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Malawi’s economic growth will probably accelerate to 7 percent this year as good crop harvests boost food production, President Bingu wa Mutharika said.
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