News & Events
July 18th, 2011

Source: Jakarta globe | Date: 01 MAR 2011

Malaysia's Sime Darby is considering a $2.5 billion plantation expansion deal in Cameroon, the Financial Times reported, signalingthe global grab for land is well underway as food prices soar. The Financial Times quoted Siroe Darby s chief executive, Mohd Bakke Salleh, as saying the project in the West African state would involve 300,000 hectares of oil palm estates, although discussions have so far led to “nothing conclusive”. Bakke said last week that Siroe Darby was on the lookout for more land, with a focus on Indonesia, the world's No.1 palm oil producer. But plans for a ban on forest clearing and legal hurdles over land acquisitions in Indonesia have prompted planters to also turn to Africa.