The chief executive of Canadian grain handler Viterra (VT.TO) failed to comment on Wednesday on his company's possible interest in acquiring GrainCorp (GNC.AX), a leading Australian grain handler that market watchers see as a takeover target. However, CEO Mayo Schmidt, responding to a question at the BMO Capital Markets farm investor conference in New York, noted that Australia's grain industry is in consolidation mode and Viterra plans to be a player. Viterra's priority markets for growth are Canada, the United States and Australia, he said, and it is also eyeing the Black Sea region and China. "It's a rich environment for opportunities that we see over the next 10 years," Schmidt said. "And we're uniquely positioned because of seed, chemical, fertilizer, collection systems and processing so we have opportunities in any of those segments to enter and consolidate a market."
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