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[genet-news] GMO-FREE PRODUCTS & SEEDS: Japan firms eye investments on Philippines for non-GE agriculture





------------------------------- GENET-news -------------------------------

TITLE:   JAPAN FIRMS EYE FARM INVESTMENTS

SOURCE:  Business World, Philippines

AUTHOR:  

URL:     http://www.bworldonline.com/main/content.php?id=20928

DATE:    09.11.2010

SUMMARY: "A NUMBER of Japanese firms plan to invest in a plantation in the Philippines, with the produce to be exported to Japan, the chief of the Agriculture department said yesterday. [...] He declined to name the firms nor the crop and investment involved, saying only that the companies do not want any genetically modified variety of the crop."

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JAPAN FIRMS EYE FARM INVESTMENTS

A NUMBER of Japanese firms plan to invest in a plantation in the Philippines, with the produce to be exported to Japan, the chief of the Agriculture department said yesterday. "Some Japanese firms are interested in investing in a crop that will be used for their consumption," Agriculture Secretary Proceso J. Alcala told reporters. Mr. Alcala said the department is currently in advanced talks with the interested Japanese firms. He declined to name the firms nor the crop and investment involved, saying only that the companies do not want any genetically modified variety of the crop. Recently reported Japanese investments in this field have not been primarily agricultural. It was reported last month, for instance, that Itochu Corp. of Japan plans to invest $120 million in an ethanol plant in San Mariano, Isabela, a project that includes planting sugarcane in a 11,000-hectare area as feedstock. Mr. Alcala added that some Japanese firms are also interested in importing prawns, whi
 le Singapore is interested in soft-shelled crabs.




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