Oxfam found that almost 60 per cent of the land deals between 2000 and 2010 were in developing countries with serious hunger problems, while 60 percent of the lands were to produce biofuels for Western road vehicles. Two-thirds of the investors were producing purely for export, not to feed local hungry. When the financial crash of 2008 sent prices of staples sky high — Pakistan was no exception and the poor had to tighten their belts further — governments passed the buck onto unexplained ‘external’ reasons.
Oxfam put it very succinctly: “… very few if any of these land investments benefit local people or help to fight hunger. Two-thirds of agricultural land deals by foreign investors are in countries with a serious hunger problem.