NATIONAL AFFAIRS Nick Minchin tells ADM to try again for GrainCorp
If Australia’s iconic wheat single-selling desk was dismantled because of corrupt practices by AWB Ltd, then it surely follows that Treasurer Joe Hockey should reject Nick Minchin’s recent proposal that United States grains giant ADM should make a new bid for Australia’s GrainCorp. The grain-growers’ single desk was dismantled after AWB Ltd was found culpable in the oil-for-food scandal, which involved kickbacks to the former Iraqi dictatorship of Saddam Hussein.[1] Nick Minchin (left) and Joe Hockey ADM, or Archer Daniels Midland, “has a long history of corrupt price-fixing”, according to Max Baker, lecturer in accounting at the University of Sydney…