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Why is China buying the world's seeds?
Why is China buying the world's seeds?
China is gobbling up major seed businesses to satisfy its growing appetite for food firms.
Two weeks ago, state-owned Chem China finalized its $44 billion purchase of the Swiss pesticides and seeds giant, Syngenta. It was China's biggest foreign takeover of all time.
On Tuesday, Dow Chemical (DOW)
announced that an agriculture fund backed by the Chinese government
would pay $1.1 billion for its Brazilian corn seed and research
business.
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