Farmers in bid to block GrainCorp sale

Lobby group members concerned takeover will further erode competition.

Almost 300 farmers have backed calls from lobby group NSW Farmers for the federal government to block Archer Daniels Midland's bid for GrainCorp Ltd, The Australian Financial Review reports. 

According to the newspaper, farmers at the group's annual conference in Sydney called on Treasurer Chris Bowen to block the sale, partly because of concerns raised by a Senate inquiry.

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