Disir
Platinum Member
- Sep 30, 2011
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ban on maize exports in Argentina is fanning fear among farmers and traders that one of the world’s top food suppliers is returning to an era of brutal meddling in crop markets.
The measure creates yet another driver for surging global grain futures, given Argentina is the third-largest shipper of maize, and stokes concern of an up-tick in food nationalism around the world as the pandemic disrupts trade.
The government suspended corn shipments through February to force growers to sell to the local livestock industry. The idea is to suppress feed costs and, in turn, prices of beef, pork, chicken, eggs and milk in a country where inflation is forecast to reach 50 percent this year.
In protest, three of Argentina’s four main farm associations have told members to halt trading between January 11 and 13, adding to industry unrest as port workers strike over pay. But President Alberto Fernández is standing firm, saying on radio Wednesday that food prices at home need to be decoupled from export values that are on a tear.
www.batimes.com.ar
Sounds like Brazill is headed towards more protests.
The measure creates yet another driver for surging global grain futures, given Argentina is the third-largest shipper of maize, and stokes concern of an up-tick in food nationalism around the world as the pandemic disrupts trade.
The government suspended corn shipments through February to force growers to sell to the local livestock industry. The idea is to suppress feed costs and, in turn, prices of beef, pork, chicken, eggs and milk in a country where inflation is forecast to reach 50 percent this year.
In protest, three of Argentina’s four main farm associations have told members to halt trading between January 11 and 13, adding to industry unrest as port workers strike over pay. But President Alberto Fernández is standing firm, saying on radio Wednesday that food prices at home need to be decoupled from export values that are on a tear.
Shift to protectionism riles Argentina’s farmers
Farm associations call for three-day halt on trading after government slaps ban on maize exports.
www.batimes.com.ar
Sounds like Brazill is headed towards more protests.
