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  "documentTitle": "Saputo Inc. (TSX:SAP)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2022-11-29 00:00:00",
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      "text": "The USDA produces a regular report on the diary market conditions in Argentina. The country is facing major challenges that are affecting domestic consumer consumption and the export market. Inflation continues to be rampant, the UK/Russia war is impacting exports, and energy subsidies to producers are expected to be eliminated and increase cost of production.",
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      "text": "2022 Argentine dairy production is projected at the same level with respect to 2021 or a drop of less than one percent year-on-year to 11.495,000 MT... Between June 2021 and June 2022 retail inflation reached 65 percent... In recent years, Argentina has had a policy of significant energy subsidies.",
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      "text": "Source: USDA report on Argentina, October 11, 2022",
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      "text": "Current Environmental Conditions In Argentina Are Not Bullish For Saputo’s Business",
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      "text": "Key Points Raised In the USDA Argentina Dairy Report",
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