Agribusiness in Argentina has already lost $1 billion due to government interventions, says entity

Argentina’s agribusiness has already lost US$ 1.084 billion as a result of government interventions in the grain and meat markets, estimates the economic studies institute linked to the Argentine rural society.

According to the institute, one of the biggest hits in the production chain were rural producers, who lost US$ 411 million, followed by slaughterhouses, who lost US$ 165 million. Losses in workers’ compensation totaled another US$ 59 million, says the organization.

See the chart below for a comparison of meat exported by Argentina in the first half of the last three years:

Argentine Meat Exports (HS 0202 and 0207) | Jan to July 2020-2021 | TEU

Source: DataLiner (To request a DataLiner demo click here)

“I don’t understand the purpose of maintaining the export quota if it impoverishes us all,” said the organization’s president, Nicolás Pino. “If the government continues with the current export system, the president will not only have not kept his word, but he will also cause the country to lose more than US$ 8 million a day for every day that he decides to keep it.”

Source: Valor Econômico

To read the full original article, visit the link:

https://valor.globo.com/agronegocios/noticia/2021/08/30/agro-da-argentina-ja-perdeu-us-1-bi-com-intervencoes-do-governo-diz-entidade.ghtml

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