Indian labourers work in a field of Jatropha in the village of Hassan, some 250 kms from Bangalore. Jatropha, a wild shrub that grows abundantly across India, has been hailed as an eco-friendly solution to the energy needs. (AFP Photo / Mission Biofuels India)
2 million kilometers of foreign purchased land in developing countries is either idle or used for Western biofuel production, according to a British charity. Oxfam’s report estimates an area the size of London is sold every six days.
The report states that between 2000 and 2010, 60% of investment in agricultural land by foreign traders occurred in developing countries with hunger problems.
Yet two thirds of those investors plan to export everything they produce. While 60% of deals are to produce crops that can be used for biofuels. Land can also be left idle, as speculators wait for its value to increase.
Oxfam estimates that this…
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