Argentina’s Beef-Export Ban to Stoke Steak Prices Worldwide

Argentina’s unorthodox beef-export ban is the latest disruption to supply chains that is forcing consumers to pay higher prices for meat.

The South American nation halted shipments of beef for 30 days as inflation approaches 50% annually. However, Argentina supplies almost one-quarter of China’s beef imports and the ban is expected to shake up global meat markets, namely by prompting buyers in China to buy more from Brazil and the U.S.