The Governor of the Argentine Province of Buenos Aires, Axel Kicillof, Wednesday met with beef producers after the measures announced by the Federal Government regarding the lifting of caps on exports, starting with the resumption of shipments to China.
Argentina will resume meat exports to China as of this coming Monday, it was announced Tuesday in Buenos Aires.
Argentina's new Cabinet Chief Juan Manzur is said to be speeding up the path towards the lifting of caps on meat exports in an attempt to bring in hard currency as the government of President Alberto Fernández desperately tries to recover from defeat at Sept. 12's Mandatory, Simultaneous and Open Primary (PASO) elections.
The Government of Argentina has extended the cap on meat exports until October 31, claiming it was because the measure had been effective in helping curb domestic prices.
Disruptions of global maritime transport and major rivers struck by insufficient water flow to allow vessels to navigate are threatening beef exports Mercosur, including Brazil, Uruguay and Paraguay, when prices for food commodities are rising all over the world.
Restrictions on meat exports imposed on producers by the Argentine administration of President Alberto Fernández, in a failed attempt to curb domestic prices, have led the country to lose ground to Uruguayan and Paraguayan competitors, Infobae reported Wednesday.
While Uruguay's National Meat Institute (INAC) eyes China, Saudi Arabia and Hong Kong as the clients to target, the latter has already recorded an increase of 13% in both volume and revenues in purchases from Paraguay, according to a Central Bank (BCP) report released this week.
As tensions between the Government of President Alberto Fernández and rural producers seem to be focused on the 30-day ban on meat exports, the Argentine Rural Confederations (CRA) issued a statement this weekend headed Does the milk producer not matter?
The Rafaela Alimentos meat processing plant in Casilda in the province of Santa Fe Tuesday closed down temporarily in response to the ban on exports decreed by the Argentine Government of President Alberto Fernández. The company employs 650 workers.
The Argentine government of President Alberto Fernández has announced all meat exports will be banned for the next 30 days in an attempt to slow down inflation as domestic prices went up 20% owing to foreign demand.