Argentina delays export licenses
ARGENTINA - According to the Brazilian Meat Monitor (BMM), the Argentine government is delaying the issuance of beef export licences as a way to indirectly limit beef exports. The government continues to struggle against rising domestic beef prices with prices increasing 1.4% in January compared with the month before and by over 5% compared to January 2006.Limitations on exports and prices have seen production and investment collapse in Argentina, according to the BMM. Argentine cattle ranchers reduced investments by US$300 million in 2006, down 33% on 2005, and production fell to 3.13 million tonnes, down 3% on 2005.
TheCattleSite News Desk