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Bunge-Viterra deal ‘effectively ends competition’ says NFU

Feds’ conditions not near enough to alleviate concerns

The National Farmers Union denounced the approval of the Bunge-Viterra merger in a statement released on Jan. 17. The NFU said the multi-billion dollar deal “effectively ends competition in Canada’s agricultural commodity sector,” as it creates the world’s largest agricultural commodity trader, and it will control 40 per cent of the Canadian grain market.


viterra

Ottawa blesses Bunge’s Viterra takeover, with conditions

Merged firm must sell six elevators, keep distance from G3

Canada’s federal government will allow the acquisition of major Canadian grain firm Viterra by one of the world’s biggest grain industry players, but not without conditions. Federal Transport Minister Anita Anand on Tuesday announced the government’s decision to approve Viterra’s acquisition by U.S.-based Bunge, the ‘B’ in the ‘ABCD’ group of the world’s most influential […] Read more






Photo: Canstock

Canada’s crush boom to benefit Aussie canola

A significant increase in domestic crush capacity is expected to lower exports and reduce competition for Australia

Commonwealth Bank of Australia is forecasting reduced competition from its main competitor and continued strong demand from its top export market.