News

With the risk of affecting exports, the European agricultural crisis has an impact on Argentina

Argentina
Market & Price Trends
Innovation & Technology
Published Mar 3, 2024

Tridge summary

Protests by European producers in major cities like Paris, Madrid, Brussels, and Berlin are affecting Argentine agroindustrial production due to rising costs, especially energy costs since the Ukraine invasion, and demands for increased subsidies. These protests have halted the EU-Mercosur agreement and may lead to stricter controls on imported goods. The EU's budget dedicates 37.5% to the Common Agricultural Policy (CAP), aiming to significantly reduce pesticide and fertilizer use and increase organic production by 2030. The future of the Green Pact will be determined in the European Parliament elections in June. The article also discusses the issue of income extraction in the EU, which intensifies with each peso devaluation, and the tax pressure on agriculture, suggesting these issues should be part of the crisis resolution agenda.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

For more than a month, Paris, Madrid, Brussels and Berlin, among other capitals of the Old Continent, have been the focus of massive protests by European producers demanding rising costs, food imports from other markets and regulations. environmental. Far from having a foreseeable end point, the conflict continues and has implications for Argentine agroindustrial production. For Gustavo Idígoras, former Argentine agricultural attaché to the European Union (EU) and today president of the Chamber of the Oil Industry of the Argentine Republic (CIARA) and of the Cereal Exporters Center (CEC), the producers' protests are based on two main issues: a sharp increase in costs since the invasion of Ukraine, mainly energy costs, and the request for more money from European states and the European Commission. For the manager, the latter "is a unionist demand to increase subsidies because they are not in a position to compete with anyone," he says. Idígoras warns that the protests in Europe ...
Source: Agromeat
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