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On 4 July the restrictions were again softened, by allowing exports for an extra 25% of the amount of 2005. The new quota included expensive beef cuts that have no demand in the internal market (such as rump and loin) and others that are only destined for corned beef. A new loosening (to 70% of the 2005 figures) was announced on 28 September ...
This is in large part because Argentina consumes most of its beef and the industry has been prevented from orienting itself to an export industry. Secondary reasons include the restrictive rules and regulations on beef of importing countries. For instance, Argentina agreed with the United States on an annual restriction of 20,000 tons.
Fresh Argentine beef was exported to the U.S. market in 1997 for the first time in over 60 years, and in 1999 its export quota of 20,000 tons was filled. Beef exports to the U.S. were suspended in August 2000 when Argentine cattle near the border with Paraguay (whose authorities refuse to vaccinate cattle against highly contagious hoof and ...
By far the top buyer of Argentine beef is China, though it imports cheaper cuts not used domestically. "The export sector is going through a very tough time even though it keeps exporting big volumes.
Export restrictions, or a restriction on exportation, are limitations on the quantity of goods exported to a specific country or countries by a Government. Export restrictions could be aimed at achieving diverse policy objectives such as environmental protection, economic welfare, social wellbeing, conversion of natural resources, and controlling inflationary pressures.
Argentina likely logged the largest trade surplus in its history in 2024, a Reuters analyst poll released on Friday showed, on the back of libertarian President Javier Milei's bid to boost grains ...
With industrial production of USD $79.8 billion in 2023 (19% of GDP), Argentina is the third-largest industrial power in Latin America after Mexico and Brazil. [1] Argentina has a sophisticated industrial base that ranges from small and medium-sized enterprises to world-class facilities operated by domestic and multinational corporations.
The Argentine central bank's already depleted reserves are coming under renewed pressure, as grains exports from the South American nation have stalled following a soybean sales bonanza and a ...