Tuesday 18 May 2021 - 8:20am
Argentina is one of the world s biggest exporters of beef
AFP/File | JUAN MABROMATA
BUENOS AIRES - Argentina, a major exporter of beef in the world with some 819,000 tons sent abroad in 2020, suspended foreign sales for 30 days to combat price increases on the domestic market, the government said in a statement Monday. As a consequence of the sustained increase of the price of beef on the domestic market, the government decided to implement a set of measures aimed at regulating the sector, restricting speculative practices and avoiding tax evasion in foreign trade. During the implementation of these measures, beef exports are limited for 30 days, a statement from the presidency said.
Argentina halts foreign sales of beef for 30 days
AFP, BUENOS AIRES
Argentina, one of the world’s biggest beef exporters, has suspended foreign sales of beef for 30 days to combat price increases at home, the government said on Monday.
Argentines ate 38kg of beef and veal per head in 2019, figures from the Organisation for Economic Co-operation and Development showed about 12kg per head more than Americans, who came in second.
However, Argentina has one of the most elevated consumer price indexes in the world.
Workers cut up beef in a butcher’s shop in Buenos Aires on Feb. 18, 2016.
Photo: AFP