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Saputo hopes to benefit from Mexican dairy tariffs, after drop in profits

Reference: FCC

TORONTO - Canadian cheese and dairy giant Saputo Inc. is hoping to use its international operations to milk the Mexican market in the wake of impending tariffs.

The Montreal-based company doesn't have a large Mexican presence yet, but could see opportunities in the country crop up if U.S. dairy producers retreat from Mexico because of tariffs of up to 25 per cent on U.S. cheese exporters, said chief executive officer Lino Saputo in a conference call on Thursday... Read More