Global Shipping Woes Squeeze More South American Beef Exporters
- Paraguay meatpackers likely to curb output on logistical woes
- Uruguay packers warned of potential cuts to September output
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Global shipping disruptions and drought-stricken rivers in the heart of South America threaten to pinch meat exports from two major beef-producing nations as rising food prices stoke inflation around the world.
Meatpackers in landlocked Paraguay will probably slaughter 20% to 25% fewer cattle this month due to a lack of shipping containers, soaring transport costs and erratic transit times, said Korni Pauls, deputy chairman of trade group CPC.