Sugar industry still waiting for approval of CSR sugar sale

Australia's political uncertainty is tipped to delay a decision from the Foreign Investment Review Board on the sale of CSR's sugar division.

International agribusiness Wilmar was the successful bidder for Sucrogen, with an offer of $1.75 billion.

But despite delays, the Australian Sugar Milling Council CEO Dominic Nolan remains patient and upbeat about overseas interest in Queensland's sugar industry.

"It's probably going to be sometime before we get a final decision from the Foreign Investment Review Board," he says.

"I'm sure that the businesses involved are hoping for a speedy resolution, a speedy decision, so that they can get on with their business activities.

"But again, from our perspective, business interest and global interest in our industry and in sugar in general is a very positive sign for the future."

source: abc.net.au