Grain monopoly end should be slow, orderly-Cargill Canada CEO

WINNIPEG, Manitoba Wed May 11, 2011 1:10pm EDT

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WINNIPEG, Manitoba May 11 (Reuters) - The Canadian government should give the grain industry at least six months to adjust before ending the Canadian Wheat Board's grain monopoly, the chief executive of Cargill's [CARG.UL], Canadian subsidiary said on Wednesday.

A good time for the change, which would allow Western Canada's farmers to sell their wheat and barley to anyone they choose instead of just the Wheat Board, would be Aug. 1, 2012, which starts the 2012/13 marketing year, Len Penner said in an interview with Reuters.

The Conservative government plans to end the board's monopoly, but has not yet offered detailed plans.

(Reporting by Rod Nickel; Editing by David Gregorio)

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