Land sold off and used for biofuels could have fed 1 billion people – report

2 million kilometers of foreign purchased land in developing countries is either idle or used for Western biofuel production, according to a British charity. 

 Oxfam's report estimates an area the size of London is sold every six days.

The report states that between 2000 and 2010, 60% of investment in agricultural land by foreign traders occurred in developing countries with hunger problems.

Yet two thirds of those investors plan to export everything they produce. While 60% of deals are to produce crops that can be used for biofuels. Land can also be left idle, as speculators wait for its value to increase.  

Oxfam estimates that this land could have fed 1 billion people.