Ukraine to be China’s largest overseas farmer. Three million hectares will eventually be used to provide grain and meat for Chinese consumers
China will plough billions of yuan into farmland in Ukraine that will eventually become its biggest overseas agricultural project.
The move is a significant step in China’s recent efforts to encourage domestic companies to farm overseas as China’s food demand grows in pace with urbanisation.
Under the 50-year plan, Ukraine will initially provide China with at least 100,000 hectares – an area almost the size of Hong Kong – of high-quality farmland in the eastern Dnipropetrovsk region, mainly for growing crops and raising pigs.
The produce will be sold to two Chinese state-owned grain conglomerates at preferential prices. The project will eventually expand to three million hectares.
Ding Li, a senior researcher in agriculture at Anbound Consulting in Beijing, said the deal was a big…
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