USA: Adecoagro spies opportunity in U.S.-Mexico trade tensions

Adecoagro SA sees a long-term opportunity in the Trump administration’s call for a renegotiation of NAFTA, spying a chance for corn, rice and other crops it produces in Argentina and Brazil to find a market in Mexico, its CEO said.

Farming and agricultural processing firm Adecoagro (AGRO.N) has shipped cargoes of corn and rice to Mexico from South America in the past few months, Chief Executive Officer Mariano Bosch said to Reuters on Monday, in an interview during the Reuters Global Commodities Summit.

The company sees a chance to ship more products, including dairy, that Mexican buyers typically import from the United States, added Bosch.