Where's the beef? Argentine steak exports slide as strong peso inflates costs

[MilHojas]

https://finance.yahoo.com/news/wheres-beef-argentine-steak-exports-110450873.html

In the Villarroel meat plant outside Buenos Aires, workers skillfully butcher cuts of Argentine beef, popular with restaurants from Shanghai to New York. But the country's steak exports are now sliding as costs rise on a stronger local peso.

 

[LuckyLuke]

"Economic theory predicts that currency fluctuations will eventually revert to a mean since cheap foreign goods should increase their demand, which would raise their prices. At the same time, expensive domestic exports will have to fall in price as demand for those items declines worldwide until some equilibrium exchange level is found." https://www.investopedia.com/articles/forex/051415/pros-cons-strong-dollar.asp

The problem with declining prices is servicing debt. We can probably expect more bankruptcies along the supply chain.