Pork meat prices increased by 20% in Colombia due to roadblocks

Published 2021년 5월 12일

Tridge summary

Consumer meat prices in Colombia have increased by an average of 20% in the past week due to demonstrations, blockades, and vandalism, according to the Colombian Association of Pork Producers (Porkcolombia). The sector has incurred significant losses, with 720 tons of pork production ceasing daily. The financial markets are also charging Colombia rates consistent with a loss of investment grade, raising concerns about the potential impact on public debt securities and private sector financing, especially in the event of continued socio-political unrest and an unapproved tax reform.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to figures from the Colombian Association of Pork Producers (Porkcolombia), consumer meat prices have risen an average of 20% in the last week, on account of the demonstrations and blockades in the main corridors of the country, according to the medium rcnradio.com. The president of Porkcolombia, Jeffrey Fajardo, affirmed that "although that is the average increase, of course in the most affected areas with shortages, any nominal price is irrelevant, since pork is not available in practically any condition". As explained by the union, the sector has also been affected by vandalization, threats against the safety and life of workers and businessmen, looting on farms, impediments to the mobilization of balanced feed for pigs, animals to processing plants and meat to the different marketing channels in the country. It should be noted that daily production in Colombia is 1,300 tons of pork and due to the effects of the national strike, 720 tons per day have ceased to be ...

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