Toto Caputo highlighted Lumilagro as an example of success in Milei's new economic model

The Minister of Economy, Luis Caputo, defended the Government's economic direction and focused on a specific case: Lumilagro. As he explained, the firm represents the right path in the face of a new competition scenario.

During his presentation at the AmCham Summit 2026, Caputo argued that “reality is heterogeneous” and that not all companies react the same to changes. In that regard, he stressed that the difference is in the ability to adapt.

Lumilagro: investment, competition and growth

Caputo highlighted that Lumilagro faced the arrival of new international competitors, such as Stanley thermos, without retracting. On the contrary, the company decided to invest, improve its products and increase its competitiveness.

As explained by the minister, this strategy allowed the company to achieve sales records and expand in exports. The case, he said, demonstrates that competition benefits both companies that adapt and consumers

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“The result is a better product at a lower price,” Caputo said. For the civil servant, that is the direct effect of a more open and competitive market.

Fate, the contrast marked by Caputo As a counterface, the minister mentioned the case

of Fate. According to him, the company chose to close in the face of economic openness and international competition

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Caputo was forceful in describing the situation: “The music changed, we have to change the pace”. Along these lines, he argued that some companies prefer not to adapt to the new scenario

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The message was clear: the economic model does not guarantee equal results for everyone, but it does create incentives for those who decide to compete and innovate.