RIO DE JANEIRO, BRAZIL - Argentina has announced a 30-day suspension of meat exports amid soaring prices that have raised government concerns over losing control of inflation, ahead of congressional elections to be held later this year.
The government said on Monday it will implement the emergency measure due to the "sustained increase in the price of beef in the domestic market," confirming information anticipated by federal administration and industry sources earlier in the day.
The government added that during the 30-day suspension other measures will be implemented to improve the regulation of meat exports. The export ban may . . .