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Viterra Inc.: Viterra Announces Renewal of Wheat Export Licence for ABB Grain

^{Published on 2009-09-30 06:29:55 - Market Wire}
 

CALGARY, ALBERTA--(Marketwire - Sept. 30, 2009) - Viterra Inc. ("Viterra") (TSX:VT)(ASX:VTA) and ABB Grain ("ABB"), a subsidiary of Viterra, announced today the renewal of ABB's wheat export licence from the accrediting authority, Wheat Exports Australia ("WEA").

"Viterra and ABB are pleased by the approval we received earlier this week from the Australian Competition & Consumer Commission and today's renewal of ABB's wheat export license. We expect to have a very strong export program in place to support our grower customers during the approaching shipping season, and to ensure we meet the growing demands of our many international customers," said Mr. Fran Malecha, Viterra's Chief Operating Officer.

"Viterra and ABB share enviable international reputations as reliable and innovative suppliers of quality wheat. It is our goal as we bring our companies together though integration to enhance our combined reputation by delivering quality ingredients to our overseas customers," said Mr. Malecha.

WEA initially granted wheat export accreditation to ABB in September 2008.

Forward-Looking Information

This release contains forward looking statements that involve certain risks and uncertainties which could cause actual results to differ materially from future results expressed or implied by such statements. Important factors that could affect these statements include, without limitation, weather conditions; producer's decisions regarding total planted acreage, crop selection, and utilization levels of farm inputs such as fertilizers and pesticides; grain export levels; changes in government policy and transportation deregulation; world agricultural commodity prices and markets; currency risk; changes in competitive forces including pricing pressures; and global political and economic conditions, including grain subsidy actions of the United States and European Union.

About Viterra

Viterra Inc. is a global food ingredients agribusiness headquartered in Canada. The Company has extensive operations and distribution capabilities across Western Canada, as well as in Australia and New Zealand, with Adelaide, Australia being Viterra's base for its Southeast Asian operations. Viterra also has offices and operations in the United States, Japan, Singapore, China, Switzerland, and a joint venture in Ukraine. The Company is diversified into sales and services of crop inputs and equipment, grain handling and marketing, livestock feed, food and malt processing and financial products. These operations are complemented by value-added businesses and strategic alliances, which allow Viterra to leverage its pivotal position between growers and destination customers. The Company's common shares are listed on the TSX under the symbol VT. In Australia, Viterra's Chess Depositary Interests (CDIs) are traded on the Australian Securities Exchange (ASX) under the symbol VTA.