Australian police find huge haul of Mexican meth worth $273m in hydraulic press

Federal police try to identify crime syndicate behind elaborate smuggling scheme into NSW, after drugs found at port inspection in Sydney

• Follow our Australia news live blog for the latest updates
• Get our morning and afternoon news emails, free app or daily news podcast

More than 300kg of methamphetamine concealed deep inside a steel hydraulic press has been smuggled into New South Wales from Mexico.

Australian federal police say the seized haul has an estimated value of more than $273m and could have made up 3m individual street deals.

Sign up for Guardian Australia's free morning and afternoon email newsletters for your daily news roundup