RIO DE JANEIRO, BRAZIL - The recent restrictions imposed by the Argentine government on meat companies operating in the country tend to narrow the number of formal companies in the market and strengthen the sector, said on Wednesday the CFO of Minerva Foods (BEEF3), Edison Ticle, while referring to the reinstatement of meat export registrations, announced in April.
Minerva Foods' CFO recalled that Argentina's official exchange rate is significantly lower than the market average and this has become a "perverse incentive" for intermediaries to enter the meat trade with the sole purpose of arbitraging currency.
According to the executive of . . .
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