Argentina will limit exports of some beef cuts until the end of the year. Beef exports were halted in the country for 30 days in mid-May in an attempt to control the country’s rising inflation.
“Exports are being reestablished, but only up to 50 percent of last year’s average exports,” Argentine Minister of Productive Development Matias Kulfas told a news conference.
Argentina is the world’s fifth-largest beef exporter and a large supplier to China. The country’s farm industry has denounced the measure, but the move could help increase U.S. beef exports.
