Business
Argentina bans beef exports for 30 days in effort to reduce domestic prices – ABC News
Argentina is one of the world’s biggest beef exporters, but with an election looming and domestic prices on the rise, it’s shutting down trade for 30 days in a…
Argentina has announced a snap 30-day ban on all beef exports and the decision is set have ramifications for the trade globally.
Key points:
- The Argentinian government is attempting to lower local beef prices with 30-day export ban
- One analyst believes ban will put a lot of pressure on China
- Argentina exported about 750,000 metric tonnes of beef in 2020, the bulk of which went to China
One of the world’s biggest beef exporters, Argentina moved about $US3 billion worth of product in 2020, mostly to…
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