Mackay Sugar could be partially foreign owned in the coming months.

A non-binding proposal from German company Nordzucker is proposing to take a seventy percent stake in the struggling mill.

If successful it'll see upgrades of mills, and the $2 per tonne grower contribution repaid.

Rural reporter Eddie Summerfield caught up with Cane growers Chairman Paul Schembri to find out more

Mackay Sugar could be partially foreign owned in the coming months.
A non-binding proposal from German company Nordzucker is proposing to take a seventy percent stake in the struggling mill.
If successful it'll see upgrades of mills, and the $2 per tonne grower contribution repaid.
Rural reporter Eddie Summerfield caught up with Cane growers Chairman Paul Schembri to find out more

The Rural News

The Rural News is market leader, dealing exclusively with stories of interest to the farming sector and has the support of Australia’s largest media business and international correspondents.

The Rural News is market leader, dealing exclusively with stories of interest to the farming sector and has the support of Australia&rsquo;s largest media business and international correspondents.

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