Barnaby breaks post election silence on Graincorp takeover

AGRICULTURE Minister Barnaby Joyce has again voiced his opposition to a proposed foreign takeover of Graincorp, as debate over the acquisition heats up in the Coalition.

After going quiet on the takeover immediately after the election, Mr Joyce made the comments on ABC Radio this week.

His comments come as senior figures within both the Liberal and The Nationals agitate internally for Treasurer Joe Hockey not to approve the takeover.

Mr Hockey is due to make a final decision in mid-December, after he hears the concerns of the Foreign Investment Review Board.

But the issue may come to a head before then, with federal parliamentarians preparing to descend on Canberra for the first parliamentary sittings in two weeks - where the takeover is likely to be raised in party meetings.

Among those understood to be against the proposal are key Nationals MPs including former agriculture spokesman John Cobb, Mr Joyce, and country-based Liberal Senator Bill Heffernan.

Deputy Prime Minister Warren Truss also voiced his concerns about the takeover before the election.

Topics:  barnaby joyce foreign investment graincorp joe hockey

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