The Argentine government has decided to restrict beef exports for a 15-day period seeking to stem the rise of prices in the domestic market. The decision was confirmed by Cabinet Chief Jorge Capitanich and sparked criticism by business leaders in the sector with some voices saying the strategy will have “no positive effects.”
The European Union (EU) has recognized Argentina as one of the few countries able to export high-quality beef under the “feed-lot quota” to the European market, a press release from the Argentine Foreign Ministry informed on Sunday.