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Senators reject opportunity to oppose GrainCorp sale

Media Release
Rachel Siewert 13 Nov 2013

The Australian Greens said today that growers would be disappointed by the failure of MPs to match their public comments on GrainCorp with action in Parliament.

"The Senate today opposed an Australian Greens motion calling for the Treasurer to reject the sale of GrainCorp to Archer Daniels Midland," Senator Rachel Siewert, Australian Greens agriculture spokesperson said today.

"It is disappointing that the rhetoric of some MPs in the media doesn't translate to action on the floor of Parliament.

"Our motion noted that the proposed acquisition of GrainCorp will reduce competition in the wheat export market and hurt Australian growers. The motion also called for the Senate to call on the Treasurer to reject the takeover bid.

"We need to ensure our growers get a fair return for their produce, and that communities are supported with strong investment in vital storage, transport and export infrastructure.

"Growers have raised extensive concerns over this proposed sale, and it is unclear what impact it would have on the costs of storage, handling and transport, or what it means for farm gate prices.

"The Greens do not support the sale of some of our most fundamental agricultural assets to overseas multinationals, given the threat this poses to growers, the agricultural sector and our future food security," Senator Siewert concluded.

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