Fitzgibbon hints GrainCorp support

Agriculture minister indicates support for controversial ADM bid.

The federal government is seen as increasingly likely to approve a bid by agribusiness giant Archer Daniels Midland (ADM) to buy Australia's largest agriculture company GrainCorp Ltd, according to The Australian.

Agriculture Minister Joel Fitzgibbon reportedly told a national grains industry conference in Melbourne that he supports a free market and foreign investment in Australian agriculture.

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