Bolivia warns of daily losses of half a million dollars due to veto on meat exports

Published 2025년 2월 8일

Tridge summary

The government of Bolivia, led by Luis Arce, has imposed a temporary ban on meat exports to control the rising food costs and ensure availability at fair prices for the domestic market. This decision, criticized by the Agricultural Chamber of the East, comes amidst concerns over inflation and illegal product sales at borders, also known as 'reverse smuggling.' The ban is expected to mitigate the impact of rising meat prices, which has doubled in a year, and align with the government's efforts to stabilize prices and address the effects of climatic factors. This measure is part of a broader strategy to combat inflation, which reached 9.97% in 2024, and address the challenges of 'reverse smuggling' and currency depreciation.

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Original content

“The Caneb is in a state of emergency, we join the concern that mainly affects cattle ranchers in the east. We do not understand the actions of the Government; I think we have worked to improve exports, we were on the right track, but I want to be clear: the impact will be more than 500,000 dollars per day,” said the manager of the Caneb, Marcelo Olguín. On Wednesday, the Government of Luis Arce ordered the temporary suspension of meat exports to force a decrease in the cost of food in the domestic market and ensure its supply at a “fair price.” The Minister of Productive Development and Plural Economy, Néstor Huanca, made the announcement to the media and added that controls will be intensified to prevent cattle and meat from being sent abroad “illegally.” According to figures reported by the local press, the kilo of meat rose in one year from 41 bolivianos (5.80 dollars) to 60 (8.57 dollars). The government initially attributed the price increase to climatic factors and ...

Source: Agromeat