April 24, 2012
Australia halts Viterra's auction plan
After similar auctions in other parts of the country have exposed problems allocating capacity despite a bumper harvest, Australia's competition regulator has halted Viterra's proposal to auction port capacity.
Viterra, Canada's largest grain handler has been working on plans to introduce an auction system to allocate port terminal capacity in South Australia from May this year.
The Australian Competition and Consumer Commission, which said it would give more time to consider potential modifications to the proposal, noted that auction systems had not resolved some export issues in Western Australia.
