BEIJING, June 16 (Reuters) - China's market regulator

has granted conditional approval for global agribusiness Bunge

Global SA's ( BG ) merger with Glencore ( GLCNF )-backed grain handler

Viterra, it said on Monday, clearing the final hurdle for the

$34 billion mega-deal announced two years ago.

Confirmation came after Bunge announced it had received

regulatory approval from China last Friday.

The regulator said the merged company's increased market

share and control could potentially reduce competition in

China's imported soybean, barley, and rapeseed markets, and thus

approved the deal with conditions.

Under these conditions, Bunge and Viterra committed to

five obligations, including a requirement to report quarterly

sales volumes to Chinese customers within 30 days after each

quarter's end.

They must also maintain a "timely, stable, reliable, and

sufficient" supply of soybeans, rapeseed, and other agricultural

products, "making every effort" to uphold this during global

crop shortages.

China's approval was the last regulatory green light

Bunge needed after conditional approvals from Canada, the

European Union, and other markets in recent months.

The deal will create a global crop trading and processing

giant rivaling Archer-Daniels-Midland ( ADM ) and Cargill,

though competition concerns and regulatory scrutiny delayed the

closing by nearly a year.