China's market regulator has granted conditional approval for global agribusiness Bunge Global's merger with Glencore-backed grain handler Viterra, it said on Monday, clearing the final hurdle for the $34 billion mega-deal announced two years ago.
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Bunge-Viterra merger clears final hurdle with China’s conditional approval
Bunge receives China regulatory approval for Viterra deal
Global agribusiness Bunge Global has received regulatory approval from China for its acquisition of grain handler Viterra and expects to close the $34 billion deal "on or around July 2," the company said in a statement on Friday.
Bunge nears China ruling for $8.2 billion Viterra merger, Bloomberg News reports
U.S. grains merchant Bunge is close to getting a ruling from Chinese regulators on its $8.2 billion (C$11.2 billion) purchase of Glencore-backed Viterra with a verdict expected within days, Bloomberg News reported on Wednesday.
Pulse weekly: Canadian pea exports up in April
China the largest destination despite tariffs
Canadian pea exports were up in April, with China the largest destination despite new trade barriers, according to the latest Statistics Canada data.
China delays decision in EU pork import case amid EV tariff talks
China extended on Tuesday a high-profile investigation into imported pork from the European Union by six months, days before it was due to wrap up and as negotiators from Brussels and Beijing carve out a deal over the bloc's electric vehicle tariffs.
Experts doubt FBI’s claim that crop fungus smuggled by Chinese students is a threat
A biological sample that a Chinese researcher was accused of smuggling into the United States and that prosecutors cast as a “dangerous biological pathogen” is a common type of fungus already widespread in U.S. crop fields that likely poses little risk to food safety, experts said.
China wants slimmer pigs
Chinese government cracking down on speculative “refattening” practice
Chinese farmers and small firms have increasingly bought market-ready pigs from larger breeders and fattened them in a bet on higher prices, but the government is cracking down on the speculative practice to slim down hogs and stabilize the market.
Tariffs on canola seen supercharging Canadian farmers’ shift to spring wheat
U.S. Great Plains farmers skipping the cereal in favour of more profitable crops
The prospect of Chinese and U.S. tariffs on canola have prompted Western Canadian farmers to seed more wheat.
Drop in U.S. bulk exports highlighted by USDA report
Down 10 points in three years says FAS
Since 2020, bulk exports out of the United States rose and then fell back, said the U.S. Department of Agriculture report released on June 6. Issued by the USDA's Foreign Agricultural Service, the Rise and Fall of Bulk Commodities cited several reasons for the drop in bulk exports.
China seeks improved ties with Canada amid rising trade tensions
Carney and Li agreed to establish regular communication channels
China called on Friday for steps to improve bilateral ties with Canada, saying there were no deep-seated conflicts of interest, following a spike in trade tensions with many of Beijing’s Western trade partners this year.
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