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Argentina’s Infobae website reported on June 20 that the one-month beef export ban imposed by the Afghan government expired today.
The ban is intended to curb the surge in beef prices in the domestic market
.
The report pointed out that this move not only failed to achieve the original intention of lowering domestic beef consumer prices, but actually caused many negative effects
.
First, according to the May inflation rate data released by the National Bureau of Statistics this week, the price of beef and its derivatives rose by an average of 4.
4% and 72.
9% year-on-year.
The overall inflation rate in May increased by 48.
8% year-on-year, and beef inflation was higher than the overall inflation level.
The second is that the ban has hit the animal husbandry industry, which not only caused a loss of 200 million U.
S.
dollars in industrial exports, but also severely damaged the confidence of producers and the business community, and will continue to affect the willingness of productive investment; third, it creates an employment environment As a result, employees’ income has fallen sharply.
Fourth, it has detracted from the image of Argentina as a major beef producer and exporter.
China and Israel have turned to countries such as Brazil and Uruguay to seek more beef supplies
.
The ban is intended to curb the surge in beef prices in the domestic market
.
The report pointed out that this move not only failed to achieve the original intention of lowering domestic beef consumer prices, but actually caused many negative effects
.
First, according to the May inflation rate data released by the National Bureau of Statistics this week, the price of beef and its derivatives rose by an average of 4.
4% and 72.
9% year-on-year.
The overall inflation rate in May increased by 48.
8% year-on-year, and beef inflation was higher than the overall inflation level.
The second is that the ban has hit the animal husbandry industry, which not only caused a loss of 200 million U.
S.
dollars in industrial exports, but also severely damaged the confidence of producers and the business community, and will continue to affect the willingness of productive investment; third, it creates an employment environment As a result, employees’ income has fallen sharply.
Fourth, it has detracted from the image of Argentina as a major beef producer and exporter.
China and Israel have turned to countries such as Brazil and Uruguay to seek more beef supplies
.
