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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

Argentine Government Ban Impacted Beef Exports

08/16/2021

Argentina, previously the world's fourth ranked exporter of beef posted a 29 percent year-on-year decline in export volume during June to 35,000 metric tons.  The decline was due to a ban on exports imposed by the Government in an attempt to increase domestic availability and lower the price of beef.

 

Faced with unintended consequences and strenuous opposition from farmers, packers and exporters, the Government of Argentina reversed their decision on June 22nd allowing limited exports from August onwards.

 

An unpopular socialist government that has mismanaged the economy resulting in inflation rate of 50 percent is facing the electorate on November 14th.  The ham-handed ban on beef exports intended to make beef, a proteins staple more freely available at a lower price resulted in an immediate shortage in the market and a rise in price. Predictably farmers held onto their livestock resulting in less supply than existed prior to the ban together with layoffs in packing plants.

 

It is said that under socialism the government confiscates your steer. Under communism the government also confiscates the animal but in addition sends you to a salt mine.


 
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