Canada's tightly managed dairy sector limits domestic opportunities for Saputo Inc, the country's largest dairy, forcing it to focus on growth elsewhere, the company's chief executive said on Thursday.
CEO Lino Saputo Jr. emphasized in an interview that the company is not lobbying Ottawa to either dismantle or preserve the system, which restricts how much milk farmers can produce and curbs imports. But, he said, a liberalized system could allow Saputo to grow at home.
"If things would open up in Canada, we're very well-placed to take advantage of whatever opportunities that might be there," Saputo said. "If a dairy farmer would be able to be cost-effective in Canada, and be able to have a huge pool of milk for us, then, yes, it would make sense to increase our presence in the Canadian platform."
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