As part of its efforts to secure approval for its proposed takeover of Australian grain giant GrainCorp. Archer Daniels Midland Co. (ADM) has announced a package of additional commitments including another A$200 million investment into Australia’s agricultural infrastructure with particular emphasis on rail projects. Other aspects of the package include price caps on grain handling charges at silos and at ports, a commitment of access for grain growers and third parties to grain infrastructure, and a commitment to open-access regime for port services. A community advisory board will also be established consisting of representatives from New South Wales, Victoria, and Queensland.
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