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By Alice McFarlane

Bunge-Viterra Merger

NFU says Bunge-Viterra merger highlights need for effective regulation

Jan 20, 2025 | 2:53 PM

An agricultural group believes the approval of Bunge’s acquisition of Viterra effectively ends competition in Canada’s agriculture commodity sector.

In a news release, The National Farmers Union (NFU) said this would give control of 40 per cent of the grain market to Bunge making it the world’s largest agricultural commodity trader.

The NFU, along with other farm organizations, outlined the harms to Canada’s farmers.

Both the degree of market power concentration and the specific ways Bunge and Viterra assets are structured will increase the merged company’s ability to take hundreds of millions in excess profits from Canadian farmers – and by extension, from communities and the Canadian economy.

When the merger is finalized, ADM, Bunge, Cargill, and Louis-Dreyfus, will continue to dominate internationally, with Bunge in first place. The four companies control 70 per cent of the world’s grain trade.

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NFU continues to urge the federal government to ensure the Canadian Grain Commission and other regulators have increased capacity and authority to safeguard farmers’ interests in the face of Bunge’s acquisition.

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alice.mcfarlane@pattisonmedia.com

On X: @farmnewsNOW