GrainCorp on tenterhooks after ADM share exit surprise

By Andrew Marshall
Updated July 27 2016 - 3:17pm, first published 11:15am
GrainCorp managing director, Mark Palmquist, says he does not know why Archer Daniels Midland is now selling its stake in the big eastern Australian grain business.
GrainCorp managing director, Mark Palmquist, says he does not know why Archer Daniels Midland is now selling its stake in the big eastern Australian grain business.

Archer Daniels Midland (ADM) has sent the share market into a spin scouting for buyers to take its contentious 19.9 per cent stake in eastern Australia’s grain giant GrainCorp.

Get the latest Farmonline news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.