Argentina

Argentina is ready for a strike against the ban on beef exports

Beef

Four main farm groups said they would launch a nine-day halt in livestock trading and one processing plant has temporarily shut down.

Posted on May 21 ,07:22

Argentina is ready for a strike against the ban on beef exports

The Argentinian beef industry is considering a nine-day strike against the Government's decision to halt exports for a month in order to curb inflation, which is approaching 50% annually. Argentina’s President Alberto Fernandez told beef exporters they won’t be allowed to sell the product abroad for 30 days, according to a Production Ministry statement released late Monday. In that period, the government will determine a set of emergency measures for the sector. “The president expressed his concern over the sustained growth in domestic beef prices over the last few months,” according to a statement.
The measure is considered "a disaster" according to statements of several representatives of the industry. The country's four main farm groups said in a statement they would launch a nine-day halt in livestock trading starting on Thursday in protest and could take further measures. "We are going to join together immediately to totally reject this disastrous measure. The damage caused by the measure will decrease the supply of meat, making prices rise as has happened in the past," considers Daniel Peregrina, president of the Argentina Rural Society industry group, according to Buenos Aires Times.
Processors are joining the protrst movement with more severe measures. Rafaela Alimentos processing plant in Casilda, which employs 650 workers, has temporarily shut down, announced Merco Press. Argentina is the world's fourth-largest beef exporter. Last year, 900,000 tonnes of beef were shipped abroad mainly to Argentina, Germany, Israel and Chile.

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