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MercoPress, en Español

Montevideo, December 27th 2024 - 23:05 UTC

Tag: Anuradha Mittal

  • Monday, June 27th 2011 - 06:09 UTC

    US think-tank says hedge funds are behind “land grabs” in Africa

    Foreign firms farm the land to consolidate their hold over global food markets, the report said. They also use land to “make room” for export commodities such as bio-fuels and cut flowers.

    Hedge funds are behind “land grabs” in Africa to boost their profits in the food and bio-fuel sectors, a US think-tank says. In a report, the Oakland Institute said hedge funds and other foreign firms had acquired large swathes of African land, often without proper contracts. It said the acquisitions had displaced millions of small farmers.