There is also a current takeover battle for Proserpine Mill, including an offer from Tully Sugar, now Chinese controlled. Mossman Mill maintains its independence. MSF is an ASX listed company with a substantial local shareholding via a previous merger with Mulgrave Mill. MSF recently relocated its HQ to the thriving business centre of Gordonvale.
We can expect a revival of debate on foreign ownership of our agricultural assets, including possibly xenophopic commentary.
Update: Bizarre headline in the Cairns Post: Far Northern sugar mills look to offshore lifeline. A lifeline? Hardly, and a complete misrepresentation! The usual suspects in the parrot cage are provoked.