Argentina has extended restrictions on beef exports until the end of October in an attempt to tame rising prices, leaving some international buyers looking elsewhere for supplies. Brazil is also grappling with high food prices and suspended overseas sales after an outbreak of mad cow disease in a move that experts expect to be short-lived.<\/p>\n
In May, Argentina\u2019s government imposed a short-term ban on the export of some beef cuts, stoking tensions with national producers who have enjoyed a boom in sales in recent years. However, it introduced a new cap of 50% on shipments compared to last year\u2019s that will now be in place until the end of next month.<\/p>\n
“This measure adopted by the Argentine government increases the conflict in the sector, and the long-term effect can already be predicted if it continues,” said In\u00e9s del Valle Asis, an economics professor at the National University of Cordoba who predicted that any short-term price stabilisation would be unlikely to last.<\/p>\n
The beef price increase for Argentina\u2019s consumers in hit 65% in April compared to the same month last year, according to Argentinian government data. In Brazil, which suspended sales to its main buyer China in early September due to \u201catypical\u201d cases of mad cow disease, the increase in July was 43% compared to July 2020.
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