An agreement was signed in June between the Xinjiang Production and Construction Corps. and KSG Agro, Ukraine’s leading agricultural company. Under a 50 year plan, Ukraine will initially provide China with at least 100,000 hectares of high quality farmland for growing crops and raising pigs and will eventually expand the project to 3 million hectares- making the project China’s biggest overseas agricultural project. The produce will be sold at preferential prices to two Chinese state-owned grain conglomerates. It is reported that the value of the investment would be more than US$2.6 billion, making it China’s biggest reported lease or purchase of farmland overseas. China’s demand for grain has grown 150% since 2011 making goals of 90% food self-sufficiency more and more difficult to attain. To read more about this and other significant Chinese overseas farmland investments:
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