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Argentina announces new plans to increase beef supply

28 November 2006

ARGENTINA - The Argentinean government plans to impose new restrictions on beef exports in order to guarantee supplies to the domestic market, according to Agra-FNP.

Beef exports are anticipated to be limited initially from December to February to 45,000 tonnes per month, 22% less than the amount shipped in September.

Furthermore, the minimum slaughter weight requirement for beef cattle will be lowered for 90 days. The 280kg minimum slaughter weight will be reduced to 260kg to increase the supply of slaughter-ready cattle and prevent the price of beef increasing over the high demand summer barbeque period.

These moves are the latest in a series of measures designed to increase beef supply and keep down beef prices (an important component of the national inflation index) in Argentina.

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Source: mla.com.au



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