Foreign investment in Australian sugar

The global share in Australian sugar

Singapore: 53 per cent

Thailand: 10 per cent

Belgium: 5 per cent

China: 4 per cent

Australia: 28 per cent

Fifteen of the 22 sugar factories have been sold to foreign owners, there’s just one remaining grower-owned cooperative and one wholly Australian-owned milling company.

The Australian sugar industry today is barely recognisable to the one forged by a hardworking, mainly migrant community, up and down the eastern seaboard more than a century ago.

There’s been a litany of forced closures, as well as a string of foreign acquisitions, that has transformed Australia’s seventh largest agricultural export industry forever.

http://mobile.abc.net.au/news/2013-12-08/sweet-deals-forge-stronger-sugar-future/5138344

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