Argentina battles high beef prices
Consumption shrinking as the cost of the popular meat soars.
Published On 1 May 2010
Argentines each more beef that anyone else in the world, but with the price soaring that is changing.
The government has tried to control the price by restricting exports, which fetch more money than domestic sales, but that reduces farmers’ incentives to raise cattle.
As farm groups battle with the government over export policies and public spending shows no signs of slowing down, most economists predict inflation too will continue unabated well into next year.
Craig Mauro reports from Buenos Aires, Argentina.
Source: Al Jazeera