Daily Network News

More News →

Tag Archives competition

(Bunge video screengrab via Vimeo)
Crops, Markets

Bunge shareholders bless Viterra wedding

Company still expects to close deal mid-2024

By ,
Shareholders in U.S. grain and agrifood giant Bunge have voted their advance approval of the company’s plans to take up one of Canada’s biggest grain industry players. Bunge on Thursday announced the results of an extraordinary general meeting of shareholders, in which they approved the acquisition of Viterra and a related issue of about 65.6
The Cascadia grain terminal at the Port of Vancouver is co-owned by Viterra and Richardson International. (Viterra.ca)
Crops, Markets

Transport Canada to review Bunge-Viterra marriage plans

Competition Bureau also to probe proposed deal

By ,
Canada’s federal transport department will conduct its own review of U.S. grain giant Bunge’s plans to buy and merge with Viterra — with an eye particularly on both companies’ stakes in Canadian port terminals. Transport Minister Pablo Rodriguez announced Tuesday that his department will review the deal under the mergers and acquisitions provisions of the
File photo of the produce section at a Canadian grocery store. (FatCamera/E+/Getty Images)
Markets

Trudeau summons top grocers over rising food prices

Major grocers' level of profit 'does not make sense,' PM says

By , ,
Ottawa | Reuters — Prime Minister Justin Trudeau on Thursday said he had summoned the country’s top grocers to help find solution to the surging food prices and vowed to cut federal taxes on new rental buildings, as he fights an affordability crisis that has dented his party’s opinion poll ratings. After meeting with Liberal
As Canada’s competition watchdog, the Competition Bureau can review mergers to determine if they will be harmful to competitiveness. But since its introduction in 1986, it has only challenged 18 mergers and has never won a challenge on final judgment.
Comment, Op/Ed

Comment: Lack of competition makes for sick market

Increasing monopoly power poses a threat to Canada’s post-pandemic economic recovery

By
Canada is grappling with a significant economic issue: market concentration. A select few corporations dominate key sectors, leading to reduced competition, rising prices and limited purchase options for consumers. Canada’s grocery industry is a prime example. A recent report from the Competition Bureau found that lack of competition in the grocery sector is resulting in
File photo of the produce section at a Canadian grocery store. (FatCamera/E+/Getty Images)
Markets

Competition Bureau to probe soaring food prices

Retail food prices seen outpacing inflation

By ,
Reuters — Canada’s competition watchdog said on Monday it would examine factors impacting soaring food prices and whether more competition in the grocery stores sector could help lower costs for Canadians. Price rises for store-bought food have been outpacing the broader annual inflation rate for 10 consecutive months, and grew 11.4 per cent in September,
A plate of honey dijon glazed chicken wings. (SandersonFarms.com)
Livestock, Markets

Cargill, Continental close U.S. chicken deal

By ,
Washington | Reuters — Cargill and Continental Grain said on Friday that they had closed their deal to buy Sanderson Farms, the third largest chicken producer, in a deal worth some US$4.53 billion. Under the deal, which was announced last August, Sanderson is being combined with Continental Grain subsidiary Wayne Farms. Sanderson will cease trading
(RyanJLane/E+/Getty Images)
Livestock, Markets

CEOs of four large U.S. meatpackers to testify in Congressional hearing

Beef prices up for consumers, down for ranchers

By ,
Washington | Reuters — The chief executives of U.S. meatpackers Cargill, Tyson Foods, JBS and National Beef Packing have agreed to testify at a Congressional hearing discussing cattle markets and price increases for consumers, House agriculture committee chairman David Scott said Wednesday. “It is very important, very vital, and very urgent that we hear the
The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)
Crops, Markets

USDA opens inquiry into fertilizer, seed prices

By ,
Reuters — The U.S. Department of Agriculture is opening an inquiry into the impacts of concentration in the fertilizer, seed and retail markets. The inquiry stems from the Biden administration’s July 2021 executive order to promote competition across the U.S. economy, the agency said in a release Friday. Global supply chain problems and inflation have
Employees walk around with face masks at the JBS USA meat packing plant at Greeley, Colorado on April 14, 2020. (File photo: Reuters/Shannon Stapleton)
Beef cattle, Livestock, Markets

JBS reaches ‘icebreaker’ settlement of beef price-fixing claims

By ,
Reuters — JBS has agreed to pay US$52.5 million to settle litigation accusing meatpacking companies of conspiring to limit supply in the $63 billion-a-year U.S. beef market in order to inflate prices and boost profit. The preliminary settlement by the Brazilian company and its U.S. units with so-called direct purchasers was disclosed on Tuesday, and

AgCanadaTV

AGCanadaTV: In case you missed it; your national ag news recap for July 11, 2025

Sponsored By:
More Videos →

Cyber-Savvy Farmer

Glacier Farmmedia Podcast

Latest Market News

More Market News →