Argentina battles high beef prices

Consumption shrinking as the cost of the popular meat soars.



    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


    YOU MIGHT ALSO LIKE

    How different voting systems work around the world

    How different voting systems work around the world

    Nearly two billion voters in 52 countries around the world will head to the polls this year to elect their leaders.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    The great plunder: Nepal's stolen treasures

    The great plunder: Nepal's stolen treasures

    How the art world's hunger for ancient artefacts is destroying a centuries-old culture. A journey across the Himalayas.