Peru, plans for large investment in oil palm plantations

Posted on August 21, 2011 • Filed under: Agriculture, Peru

A private equity firm aims to invest roughly $50 million in new oil palm plantations in Peru, reports Bloomberg. Singapore-based Asian Agri Capital is portraying its potential investment as an anti-drugs measure. It says oil palm offers an alternative crop to coca — the plant used to produce cocaine — in Peru, which rivals Colombia as the top producer of coca leaf. Read Article

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