Argentina's Secretary of Agriculture Denies Meat Export Ban Shortly After Announcement
On Tuesday, Argentina announced a 15-day ban on beef exports in an effort to moderate prices amid surging inflation and a steep devaluation of the peso.
Argentina's central bank devalued its exchange rate by 18% on Monday after outsider candidate Javier Milei won a primary election on August 13. The country's government is attempting to stop the sharp devaluation from impacting everyday prices for local consumers.
However, shortly after the ban was announced, the Secretary of Agriculture Juan José Bahillo denied the suspension, stating that negotiations are underway with the Ministry of Economy of Argentina...
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