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Crossbenchers call for block to Graincorp tak -

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EMMA ALBERICI, PRESENTER: A group of Federal cross-bench MPs have called for the Treasurer to block the foreign sale of GrainCorp.

Joe Hockey will decide next month whether to approve or reject the bid by the American company Archer Daniels Midland. But the four cross-benchers, Clive Palmer, Andrew Wilkie, Adam Bandt and Bob Katter, are vowing to move a private member's bill to give Parliament a say on the matter. They insist the sale will stifle competition and drive down grain farmers' wages.

BOB KATTER, SEN., KATTER'S AUST. PARTY: Once you have a monopoly, obviously the monopolist can pay you whatever he feels like paying you. All of the east coast, the vast bulk of the grainery in Australia are on the east coast and it will be a monopoly. You can sell to them or you will not sell.

EMMA ALBERICI: The Nationals leader and Deputy Prime Minister, Warren Truss, has already spoken out against the sale.