Australian farmers fight sale of AWB to Cargill

The New South Wales Farmers Assocation (NSWFA) is continuing its fight to stop the sale of AWB to US agribusiiness Cargill, telling Canberra that the move is against national interest and threatens the viability of family farming in Australia.

The NSWFA grains committee objected to the AUS$1.2 billion (€0.883 billion) sale following its announcement last December. NSWFA wants to maintain Australian ownership of AWB and convert it into a co-operative structure similar to CBH in WA.

They are looking for government assistance to help purchase the AWB commodity trading business, estimating its value at about AUS$850 million (€625.365 million) but don’t want government legislation re-introduced, to make grain acquisition compulsory, citing a distinct “lack of political will” in that area. Read more ...

This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine and International Milling Directory from Perendale Publishers