Cameroon: Billion dollar plantation deal on the cards

Malaysia's Sime Darby is considering a $2.5 billion plantation expansion deal in Cameroon, the Financial Times reported, signalling the global grab for land is well underway as food prices soar. The Financial Times quoted Sime Darby Chief Executive Mohd Bakke Salleh as saying the project in the West African state will involve 300,000 hectares (741,300 acres) of oil palm estates although discussions have so far led to 'nothing conclusive'.