BRUSSELS, Aug 1 (Reuters) - The European Commission said

on Thursday that it had cleared the $34 billion merger deal

between Bunge and the Glencore ( GLCNF )-backed company Viterra.

"The European Commission has approved, under the EU Merger

Regulation, the proposed acquisition of Viterra Limited by Bunge

Global S.A. ( BG ) The approval is conditional upon full compliance

with the commitments offered by the parties," it said.

The companies announced the deal to create one of the

world's largest agriculture trading firms a year ago, in order

to compete more strongly with market leaders

Archer-Daniels-Midland ( ADM ) and Cargill.