The great GrainCorp gaffe. What about the price?

The national interest debate over the sale of Graincorp misses an essential point. The weaker currency is making the company cheap.

There’s a forgotten element in the growing furore over the future of GrainCorp. And that’s the price.

As debate gathers momentum about the potential dangers to the national interest of Archer Daniels Midland’s $3 billion GrainCorp takeover, everyone appears to have forgotten that shareholders are in the process of being fleeced.

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