Loss of 830 thousand dollars per day during the period of restrictions on beef and sugar exports in Bolivia

Published 2022년 11월 17일

Tridge summary

The article reports a significant financial loss for Bolivian businesses due to the government's temporary suspension of beef and sugar exports, estimated at around 830 thousand dollars per day. The government imposed these restrictions to prevent domestic shortages and price increases. Despite the lifting of the restrictions on soybeans, beef, and sugar exports, it will take some time for the production chain to be reestablished, according to Marcelo Olguín, the general manager of the Bolivian National Chamber of Exporters.
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Original content

Businessmen estimated a loss of 830 thousand dollars per day during the period of restrictions on beef and sugar exports. This measure was lifted on Tuesday after the supply of these foods in the domestic market was guaranteed. For each of these two sectors, it is around 415 thousand dollars. In total there are 830 thousand dollars per day, that is a significant amount. In any case, (we hope) that soon in the following days or weeks the export of these two items will return to normal, said Marcelo Olguín, general manager of the Bolivian National Chamber of Exporters to Fides. On October 26, the Minister of Productive Development and Plural Economy, Néstor Huanca, reported that the Government suspended exports of soybeans, sugar, oil, and beef. The measure was implemented to prevent shortages or price increases of these foods. Olguín denounced that the Government's decision was made despite the fact that they had the certificates of internal supply and fair price. Despite the ...
Source: Paginasiete

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