Argentina's beef market fell 16.7% in September due to the country's crisis amid worsening macroeconomic conditions, according to the Chamber of Industry and Meat Trade (CICCRA).
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.”