:. Food Industry News


China to Help Oil-Rich Angola Produce Rice

Source: Reuters
21/08/2008

Luanda, Aug 21 - China is mulling ways to help oil-rich Angola produce rice and kick-start its once prosperous agricultural sector, state-owned Angop news agency on Thursday cited China's ambassador to Angola as saying.

Daily News Alerts

Before independence from Portugal in 1975, Angola was a top exporter of coffee, bananas, sugarcane and sisal. But a 27-year civil war that ensued soon after independence led to a mass exodus of farmers to the cities and halted production.

Angolan farmers use less than 10 percent of an estimated 35 million hectares of arable land and the country now imports over half of its food, according to the Ministry of Agriculture.

But the country is trying hard to diversify its economy away from the oil sector -- which represents around 90 percent of exports -- and increase agricultural production to fight high food prices and an unemployment rate of around 40 percent.

China's ambassador to Angola Zhang Bolun told Angop his country was looking at ways to produce rice in Angola and guarantee the latter's self-sufficiency in food, adding that cooperation between the two countries was "good."

Angola has taken out an estimated $8-12 billion in oil-backed loans from China to rebuild the country's infrastructure after peace was restored in 2002.



GO   View more articles on this subject


More Alerts from 22/08/2008


Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
Daily News Alerts
Related Items
China Shall Expand Rice Bran Oil to Address Shortages
Junior Explorers May Lure Top Farming Nations
China Food Prices Won't Stoke Inflation
World Bank Hails Investment in Ugandan Farming
China Should Tighten GM Rice Tests on Exports
China to Cut Some Grains, Metals, Steel Export Taxes
New Light on Superhybrid Rice Mechanism - Chinese Study
Chinese Rice, Sugar and Corn Exports Slump in Q1 2009
Thailand to Seek Rice Deals with African Buyers
China Says to Spend $26 Billion on Commodity Reserves;...

More in Food Industry News
Procter & Gamble Repurchasing Shares, Quiet on...
US Shoppers Going Green Despite Struggling Economy
Wessanen Sells Liberty Richter to World Finer Foods
Cheesecake Factory Sticks to 2010 Forecast
Brenntag Changes 2.5 Bln Euro Loan to Allow IPO
European Commission Refers Greece to ECJ over Unjustified...
JM Smucker's Quarterly Net Income Increases 172%
Ferrero, Hershey Would Likely Break up Cadbury
Indonesia's Astra Agro Revises Up CPO Forecast
Cocoa Supplier Olam to Benefit from Consolidation Among...

Top Headlines
Procter & Gamble Repurchasing Shares, Quiet on...
US Shoppers Going Green Despite Struggling Economy
Wessanen Sells Liberty Richter to World Finer Foods
Cheesecake Factory Sticks to 2010 Forecast
European Commission Refers Greece to ECJ over Unjustified...
JM Smucker's Quarterly Net Income Increases 172%
Cocoa Supplier Olam to Benefit from Consolidation Among...
Avebe and National Starch Food Innovation to Expand...
Auchan Backs Hypermarkets as Rivals Rethink
Ferrero Could Eye Cadbury Gum, Candy Unit
Dole Food Posts Wider Q3 Loss
Fonterra Sells Stake in UK Joint Venture to Arla
Imperial Sugar Company Closes Three-Way Joint Venture...
PepsiCo to Invest $100 Million in Egypt in 2010
Ex-Parmalat Auditors Settle US Investor Lawsuit
Tesco in Broadband Push as Reaches Beyond Groceries
India Sugar Protest Forces Parliament to Shut
Kerry Group Keeps Full Year Earnings Growth Forecast
Nestle Professional to Acquire Vitality Foodservice
Pinnacle Foods Acquires Birds Eye Foods for USD 1.3...
DSM Makes Great Strides in Production Processes for...
Russian Grocer X5 Plans Higher 2010 Capex
Brazil: Laep in Talks to Sell Dairy Plant to Nestle
SunOpta Announces Opening of Natural and Organic Sesame...
Products Comprising, and Uses of, Decarboxylated Phenolic...
Process for the Preparation of Packaged Heat-Preserved...


 


FLEXNEWS 2009 - All rights reserved
ISSN 1950-6228