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Argentina Suspends Beef Exports for Six Months
meatingplace.com
With domestic beef prices rising sharply, Argentina has banned all new exports of beef for 180 days to avoid inflationary pressures.
The country will honor previous agreements, but that is a small part of Argentina's $1.39 billion export sales.
The Minister of the Economy, Felicia Miceli, said that 600,000 tons of beef scheduled for export will instead be distributed on the domestic market to meet demand and moderate prices.
For more News Headlines and Commodity Quotes, please visit http://www.teamauctionsales.com.
Argentina Suspends Beef Exports for Six Months
meatingplace.com
With domestic beef prices rising sharply, Argentina has banned all new exports of beef for 180 days to avoid inflationary pressures.
The country will honor previous agreements, but that is a small part of Argentina's $1.39 billion export sales.
The Minister of the Economy, Felicia Miceli, said that 600,000 tons of beef scheduled for export will instead be distributed on the domestic market to meet demand and moderate prices.
For more News Headlines and Commodity Quotes, please visit http://www.teamauctionsales.com.
