Grain processor Archer Daniels Midland Co. (ADM) announced a package of additional commitments related to its proposed acquisition of GrainCorp Limited (GNC.AX), including another A$200 million investment to strengthen Australian agricultural infrastructure, with specific emphasis on rail enhancement projects.
The package includes price caps on grain handling charges at silos and ports, commitment to grain infrastructure access for growers and third parties as well as commitment to open access regime for port services.
A grower and community advisory board with representation from New South Wales, Victoria and Queensland, as well as regular public grower consultation and support for expanded grain stocks information arrangements are also part of the package.
Ian Pinner, president, ADM Grain, said, ''Throughout our effort to secure approvals for our proposed acquisition of GrainCorp, we have worked constructively to create value for grain growers and the Australian economy as well as shareholders of GrainCorp and ADM."
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.