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Australian agriculture needs foreign cash, says Costa Group

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Australia's food bowl is undercapitalised and needs foreign investment to grow, the nation's biggest fruit and vegetable company, Costa Group, says. The comments from Costa chief executive, Harry Debney, and chairman, Neil Chatfield, came after the Turnbull government blocked the sale of Australia's largest private landholding to foreigners, saying it would compromise national security. Mr Debney and Mr Chatfield said they did not know the full details of the proposed sale of S. Kidman & Co.'s properties, but...

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