Australia’s northernmost sugar mill has been placed into voluntary administration, despite a $45 million taxpayer-funded handout.
- Mossman Sugar Mill is one of the biggest employers in the small town
- The mill has entered into voluntary administration due to “financial distress”
- The grower-owned mill has received $45 million in taxpayer funds in recent years
In 2018, more than 100 sugarcane growers formed a cooperative and bought Mossman Sugar Mill, north of Cairns, from previous owner Mackay Sugar, which had planned to shut it down.
The Queensland and federal governments chipped in $25 million and $20 million, respectively, which allowed Far Northern Milling (FNM) to become the first local group in Australia to buy back a sugar mil…