Crisis In Argentina’s Meat-Packing Industry
(N.Z.P. A.-Reuter —Copyright) BUENOS AIRES, July 22. A crisis in Argentina’s meat-packing industry has paralysed some of the country’s biggest plants and put thousands of men out of work. Beef shipments to markets in Britain, Spain and Italy are threatened. The cause of the crisis is new trade regulations fixing the weights of cattle destined for export slaughterhouses. The regulations ordered that all steers classed as export quality, weighing between 9001 b to 10501 b, should be reserved for the export market.
Ranchers, unwilling to sell their cattle within the ceilings fixed by the packers, are rushing to the domestic markets herds of cattle either under or over the export weights laid down, leaving little for the export trade. Market officials said five major plants have closed during the last few days. Twenty thousand meatworkers from export packing plants were reported idle.
Argentina’s packing industry operated at a loss of about £Bm during 1964 and this year losses are accelerating, says ‘‘The Times” correspondent in Buenos Aires. This was in spite of the fact that the beef international market was commanding its highest prices in its history.
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Press, Volume CIV, Issue 30811, 24 July 1965, Page 17
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192Crisis In Argentina’s Meat-Packing Industry Press, Volume CIV, Issue 30811, 24 July 1965, Page 17
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