Tag Archives: speculation

BOLIVIA BANS BEEF EXPORTS AMID SUPPLY FEARS, RISING PRICES

Daniel Ramos, Reuters, Successful Farming:

LA PAZ, April 22 (Reuters) – Bolivia has temporarily banned exports of beef in order to guarantee supply for its domestic market and to prevent prices from rising, the government said on Thursday.

“We are suspending meat exports,” Minister of Rural Development and Lands Remmy Gonzales told reporters, adding the government would ensure no Bolivian “suffered from hunger.”

“What is being done is, firstly, to guarantee the internal supply and then what we have in surplus we can export,” Gonzales said.

The rise in the price of beef, considered a staple for Bolivian families, has generated tension in recent days between wholesalers and retailers and has led union leaders to warn that it could lead to strikes and markets closures.

Bolivia has the capacity to export about 8,000 tonnes of beef, mainly to other markets around the Andean region and increasingly in recent years to China, government data show. (Reporting by Daniel Ramos; Editing by Adam Jourdan and Diane Craft)

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https://www.agriculture.com/markets/newswire/bolivia-bans-beef-exports-amid-supply-fears-rising-prices

Bolivian Thoughts opinion: Certainly the MAS has proven to be the worst ochlocracy that rules Bolivia. Demagogue and incompetence to face the economic and health crisis resulted in wrongdoings like this ban on beef exports. Our exports are less than 10% of the country’s beef production, thus, it is absolutely absurd the requirement for export quotas’ certification. The government has only created uncertainty, marching crowds, rise in prices and speculation. This ruling authoritarian government has failed again and again!

“we want quality beef, at a fair price”