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Mexican Companies Craft Plan to Sidestep U.S. Grain Imports

  • Argentina, Brazil seen as alternatives for soy, corn, wheat
  • Alfa’s Sigma unit looks to Chile, Brazil for raw materials
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Photographer: Daniel Acker/Bloomberg
Updated on

One of Mexico’s largest business groups is working on a bargaining chip ahead of talks to renegotiate the North American Free Trade Agreement: finding alternatives to the U.S. for grain imports.

The Consejo Coordinador Empresarial, one of the nation’s top business chambers, is examining countries such as Brazil and Argentina to add new sources for soy, corn and wheat, according to Juan Pablo Castanon, the group’s president. Exports from those countries could help Mexico adjust to the difficulties that a Nafta renegotiation might present, he said.