The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
BANKING

Land grab raises concerns about food security

A wave of agricultural land purchases by Middle Eastern investment groups in emerging markets is causing disquiet among governments, NGOs and development institutions. Are these investments for commercial gain, or a grab for food security? Nick Lord reports.

IN 2008 MUCH of the developed world was fixated on the global financial crisis, as banks went under and economies collapsed into recession. But in many emerging markets a more fundamental crisis was brewing. From Haiti to Bangladesh, Madagascar to Egypt, local populations were rioting over the rapidly rising cost of food. Much like the debt crisis in the west, this is a crisis that three years later has not been solved. And much like the debt crisis, high-level policy decisions by governments and rich institutions have made the food crisis worse, not better. According to the UN’s FAO Food Price Index, global food prices were on average 39% higher in June 2011 than they were in June 2010. However, food prices are still 4% below their all-time high, which was reached in February 2011. But that month coincided with the greatest outbreak of political unrest the world has seen for a number of years.

While much of the focus has been on the price of food on the ground, there has also been a widespread programme of buying farmland in emerging countries.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree