JOHANNESBURG - The merger between global grain giants Bunge and Viterra, could cost farmers and consumers in BRICS countries over $2-point-5 billion a year.
According to new research presented at the BRICS Competition Conference, the deal strengthens an already powerful oligopoly controlling the global grain trade, including firms like Cargill, ADM, and COFCO.
In Canada, the merger triggered a 15 percent hike in trans-shipment costs.
To unpack this and the impact on South Africa, Hardin Ratshisusu, Deputy Commissioner, Competition Commission of South Africa had a discussion with eNCA.