Existing investors in Viterra, Canada’s biggest pension funds, would back a potential merger between the Glencore Plc entity and Bunge Ltd, according to a report by Bloomberg.
Viterra Limited is to buy Gavilon, a grain and ingredients trading business, supporting its long-term strategy of significantly increasing its presence in the US, an agricultural region where Viterra had a limited sourcing presence.
The six major soy traders that make up the Soft Commodities Forum (SCF) say that they are on track to achieve traceability to farm for 95% of their direct soy sources in 25 municipalities in the Brazilian Cerrado by the end of 2020.
