South Korea's Daewoo Logistics Corporation bid to sign a 99-year lease with Madagascar for 1.3 million hectares of land has collapsed.
The land would have been used to plant maize and palm oil for export, much of it to South Korea.
A just-released CESR analysis revealed that 44 percent of Madagascar???s arable land would now be used to promote food security in south Korea, with very little benefit for Madagascar.
One of the key issues this story raised is the growing pattern of richer countries buying or leasing land in poorer countries at the expense of food security in those countries.
