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Argentine Soy Oil Exporters Strike Halted Until Jan. 21

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Jan. 9 (Bloomberg) -- The Argentine Labor Ministry suspended a strike initiated yesterday that was halting soybean-oil shipments from the world’s largest exporter by calling the parties to a mandatory negotiation period.

The strike, by a union that represents 15,000 workers from the oil-seed processing industry, affected Cargill Inc.’s Villa Gobernador Galvez terminal this morning, Guillermo Wade, an official at the Rosario port, said in a phone interview.

The union, which is calling for a 26 percent salary increase and rejected a 16 percent offer, is accepting the Labor Ministry order and resuming normal activities, Wade said. The mandatory conciliation period will expire on Jan. 21, when the union will again be able to strike.

To contact the reporter on this story: Pablo Gonzalez in Buenos Aires at pgonzalez49@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

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