{"id":116494,"date":"2021-06-15T18:23:15","date_gmt":"2021-06-15T18:23:15","guid":{"rendered":"https:\/\/fin2me.com\/?p=116494"},"modified":"2021-06-15T18:23:15","modified_gmt":"2021-06-15T18:23:15","slug":"argentina-says-deal-on-re-opening-beef-exports-may-be-close-talks-continue","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/argentina-says-deal-on-re-opening-beef-exports-may-be-close-talks-continue\/","title":{"rendered":"Argentina says deal on re-opening beef exports may be close, talks continue"},"content":{"rendered":"
FILE PHOTO: A cow is seen at a farm in Saladillo, on the outskirts of Buenos Aires, Argentina May 20, 2021. REUTERS\/Agustin Marcarian<\/figcaption>

BUENOS AIRES (Reuters) – Talks between Argentine policymakers and meat industry officials are on track to reach a deal on re-opening exports, officials said on Tuesday, days ahead of the expiration of the government\u2019s month-long suspension of international shipments.<\/p>\n

Argentina, China\u2019s second-biggest beef supplier after Brazil, halted exports for a month in mid-May as it grappled with runaway domestic inflation. Meat packers have since been negotiating a way to lift the curbs amid fears they could be extended.<\/p>\n

The difference in positions was \u201cnarrowing\u201d, a source in the office of President Alberto Fernandez told Reuters, asking not to be named due to the high sensitivity of the talks.<\/p>\n

With congressional elections looming at the end of the year, beef prices are a huge political issue in Argentina, where weekend barbecues are part of the local culture.<\/p>\n

\u201cIt is very possible that an agreement will be reached,\u201d the source said. \u201cWe are seeking an agreement that would allow the meat export market to reopen while expanding production enough to guarantee domestic supplies as well. We want to cover both.\u201d<\/p>\n

Argentine Production Minister Matias Kulfas told local television late on Monday that the government is \u201cclose to reaching an agreement on meat\u201d that would free up exports.<\/p>\n

Local meat industry representatives could not be immediately reached for comment.<\/p>\n

Beef prices are surging worldwide as Chinese imports rise and the cost of feeding cattle soars amid high grains prices, taking meat off the menu in steak-loving Buenos Aires and driving up the cost of summer barbecues in the United States.<\/p>\n

The dynamic is contributing to the highest food prices globally since 2014, according to the United Nations food agency, hitting poorer consumers particularly hard as they recover from the economic consequences of the COVID-19 pandemic.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FILE PHOTO: A cow is seen at a farm in Saladillo, on the outskirts of Buenos Aires, Argentina May 20, 2021. 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