Argentina government warns beef sector to help cut inflation or risk export bans

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Published: March 30, 2022

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Argentina government warns beef sector to help cut inflation or risk export bans

Reuters – Argentina’s government has warned slaughterhouses to do their part to help bring down domestic inflation or risk export bans on beef, underscoring rising tensions in the farm-driven South American country over spiralling prices.

The government, which limited beef exports for periods last year, has broad agreements with the sector to ensure the supply of certain cuts at low prices to the local market, where beef is a staple for many Argentines’ weekly “asado” barbecue grill.

With inflation running at over 52 per cent and climbing, Minister of Agriculture Julián Domínguez said on Twitter that he had met with the main ABC meat chamber and warned it that failure to meet with the supply obligations could see exporters blocked.

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“I informed them that those who do not comply with the commitments assumed with the Argentine people will not be able to continue exporting meat,” he said.

“I made this decision in the context of the war that has sparked global food price rises, adding to the crisis that our livestock is going through due to the drought, the fires in Corrientes and a shortfall of 1.5 million heads (of cattle).”

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