gouchobob
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- Mar 24, 2009
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What we are seeing is the complete collapse of the beef industry in Argentina. In 1970 Argentina had about 35% of the world market, next year a net importer. Who produces the beef Argentina used to? The answer is Brazil and Uruguay, which are now number 1 and 2 exporters in S.A. How did this happen? Lots of short-sighted and stupid policies over a number of governments especially the current one.
Even if sensible policies were adopted today it will take years and lots of investments to turn it around. This isn't going to happen anytime soon.
Also look out as it looks like Argentina will also have to start importing wheat as well.
It's going to be interesting to see the governments response to all this, who they will blame, not themselves for sure.
Even if sensible policies were adopted today it will take years and lots of investments to turn it around. This isn't going to happen anytime soon.
Also look out as it looks like Argentina will also have to start importing wheat as well.
It's going to be interesting to see the governments response to all this, who they will blame, not themselves for sure.