Australia’s last grower-owned sugar mill seeks loan to survive

Australia’s only remaining sugar mill owned by the growers who supply it needs a multi-million-dollar loan to survive, ABC News Australia reports. The mill’s ownership structure makes it distinct in the Australian sugar industry, with farmers holding ownership rather than relying solely on an external company to operate the facility. The available material does not identify the mill or say where it is located.

It also does not specify the size of the loan required, the reasons for its financial difficulty or the timetable for securing the money. No statement from the mill, its grower-owners, a lender or government authorities is included. The report establishes that the facility’s continued operation depends on obtaining substantial finance, but gives no indication of whether funding is likely to be approved or what would happen if the loan is not secured.