Viterra Welcomes End Of CWB

Viterra supports Ottawa’s plan to end the Canadian Wheat Board’s grain monopoly, chief executive Mayo Schmidt said June 8. Schmidt told analysts on a quarterly conference call, the change will resullt in “important and lasting benefits” including more efficient grain movement. “We believe these changes will result in greater returns for agriculture producers, the industry as a whole and therefore Viterra shareholders as well.” Viterra posted an 80 per cent rise in quarterly net profit, bolstered by record-high South Australian crop shipments. – Reuters

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