BUENOS AIRES: Argentine meat producers announced on Tuesday they would stop selling beef and veal for one week in response to a month-long government suspension on exports due to rising prices.
The Liaison Commission for Agricultural Entities, which represents agricultural producers and businesses, declared a “cessation of all categories of cattle trade” from Thursday to May 28, reports AFP.On Monday night, the government announced a suspension on foreign meat sales to “get the sector in order, restrict speculative practices and avoid tax evasion in foreign trade.”
Earlier on Tuesday, President Alberto Fernandez insisted that Argentina could not accept the recent rise in meat prices in a country already reeling from three years of recession and the adverse economic impact of the coronavirus pandemic.
“The meat issue has got out of hand. The price is rising every month without justification.