In Argentina, Carbap called on the government to “urgently” release meat export duties

Published 2022년 11월 8일

Tridge summary

The Confederation of Rural Associations of Buenos Aires and La Pampa (Carbap) is urging the Argentine government to abolish beef export duties due to market oversupply and restrictions on export cuts. The livestock industry is currently facing a crisis with rising meat and livestock prices outpacing inflation. The domestic market demand for beef has decreased due to falling real wages and an increase in property supply, exacerbated by drought leading to forage shortage. The imposition of export restrictions and a decline in European and Chinese markets have further diminished the value of exported beef.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Confederation of Rural Associations of Buenos Aires and La Pampa (Carbap) called for the elimination of export duties for beef. "We understand that it is time for the national government to urgently release existing restrictions on export cuts, in an international market that has become recessive and oversupplied," they warned. The ruralists argued that the livestock activity is experiencing a critical situation, where prices of livestock and meat rise below inflation and costs rise above the inflation line. LOOK: Not only crops suffer: due to the drought, more than 12 million cattle are at risk "The prices of the farm have been barefoot for months in relation to inflation and the annual rise in meat on the hoof in October 2022 compared to October 2021 has been 47.3%," they estimated from the entity chaired by Horacio Salaverri. To this combo, they added that the domestic market - the main demander of beef - saw its income cut, due to the fall in real wages and an accelerated ...
Source: ARInfocampo

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