Financial Times FT.com

The global food crisis

Hyundai to lease Russian farmland

By Javier Blas in London

Published: April 14 2009 20:05 | Last updated: April 14 2009 20:05

South Korea’s Hyundai Heavy Industries announced on Tuesday that it planned to lease 50,000 hectares of farmland in Russia’s far east.

It was the latest sign of Seoul’s push to increase its food security by outsourcing agricultural production overseas.

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