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Argentina is one of the world's largest producers of beef. It is also the third-largest exporter (after Brazil and Australia), and has the world's highest consumption rate (an average of 68 kg per person per year). On 8 March 2006, President Néstor Kirchner took the drastic measure of banning all exports of beef for a period of 180 days, in order to stop continuous price rises. Wikipedia does not have an article with this exact name. ... March 8 is the 67th day of the year in the Gregorian Calendar (68th in Leap years). ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... Current President Néstor Kirchner The President of Argentina (full title: President of the Argentine Nation, Spanish: Presidente de la Nación Argentina) is the head of state of Argentina. ... (born 25 February 1950) is the current President of Argentina. ...

Exports had soared after the economic collapse of 2001 forced the government to let the national currency (the peso) float and depreciate. As a result, internal prices of beef, a major staple of Argentine diet, rose considerably, and part of the beef production was diverted from the local market to importers abroad. Increasing demand, both local and foreign, also contributed to this scenario. In 2005 Argentina exported 40% more beef with respect to the previous year, for about $1.4 billion. The Argentine economic crisis was part of the situation that affected Argentinas economy during the late 1990s and early 2000s. ... The Argentine peso (originally established as the nuevo peso argentino or peso convertible) is the currency of Argentina. ... A floating exchange rate or a flexible exchange rate is a type of exchange rate regime wherein a currencys value is allowed to fluctuate according to the foreign exchange market. ... Currency depreciation is the loss of value of a countrys currency with respect to one or more foreign reference currencies, typically in a floating exchange rate system. ... A staple food is a basic but nutritious food that forms the basis of a traditional diet, particularly that of the poor. ... This article was a former Spanish Translation of the Week. ... Import has a number of definitions: To import goods is to take part in International trade Import can be used as a general adjective to refer to the Import Scene in computer software, to import is to transform data into the native file format of an application that one is... The supply and demand model describes how prices vary as a result of a balance between product availability at each price (supply) and the desires of those with purchasing power at each price (demand). ... This article is about general United States currency. ...

In late 2005 and 2006, months of unsuccessful negotiations went on between the national government and the beef producers and traders, which included considerable political and media pressure by the former. Similar negotiations to achieve "price stability agreements" (consensual price controls) with other sectors of economy had been successful to varying degrees. On 3 February 2006, several meat plant associations announced that they would limit their own exports to 20% less than the amounts recorded in 2005, but this was not done in reality. In economics, incomes policies are wage and price controls used to fight inflation. ... February 3 is the 34th day of the year in the Gregorian Calendar. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ...

Reference beef prices at the Liniers Livestock Market had accumulated a 26% rise only in 2006, until the ban was announced, on top of 29% during 2005. Due to its prevalence in Argentinians' diet, the price of beef has a large influence in the overall inflation rate, which had already become a concern.

The exports ban included meat cuts that are not usually consumed in the local Argentine market, but did not force exporters to cancel previously arranged contracts with foreign buyers or bilateral country-based agreements, and did not include the Hilton Quota (28,000 tonnes of high-quality frozen cuts destined to the European Union, free of tariffs). The total amount affected was estimated at 600,000 tonnes. A tonne (symbol t), sometimes referred to as a metric tonne, is a measurement of weight. ... A tariff is a tax on imported goods. ...

In addition to the ban, the government raised the exports tax from 5 to 15% for certain processed beef products, equalizing them with those applied to other products.

Immediately after the announcement, the Argentine Rural Society (SRA) released a comunique, stating that exporters would lose 280,000 tonnes in sales, for 585 million USD, and that many meat processing plants would go bankrupt, thus causing the loss of thousands of jobs. Moreover, the SRA denounced the ban as harmful for Argentina's international image, and as a short-term measure that would not solve the background problem (scarcity of livestock due to lack of economic incentives). This article is about general United States currency. ... Sheep are commonly bred as livestock. ...

On 26 May the Ministry of Economy partially lifted the ban, allowing for a quota for June–November equivalent to 40% of the exports of the same period in 2005. This followed a period of falling beef prices in the Liniers Market (though not to the general public) and several acts of protest by livestock farming organizations, including the threat of a nationwide strike. May 26 is the 146th day of the year in the Gregorian calendar (147th in leap years). ...

On 4 July the restrictions were again softened, by allowing exports for an extra 25% of the amount of 2005. The new 65% quota included expensive beef cuts that have no demand in the internal market (such as rump and loin) and others that are only destined for corned beef, and was declared valid for a 60-day period, which could be extended to 90 as long as prices to the public do not increase. July 4 is the 185th day of the year (186th in leap years) in the Gregorian Calendar, with 180 days remaining. ... This page meets Wikipedias criteria for speedy deletion. ... A beef wellington. ... Corned beef is beef that is first pickled in brine and then cooked by simmering. ...

See also

• Economy of Argentina
• Foreign trade of Argentina

Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. ... This article is about the foreign trade of Argentina. ...

References

• La Nación. 9 March 2006. Suspendió el Gobierno las exportaciones de carnes.
• Página/12. 9 March 2006. Vacas sin pasaporte para que no falte el asado.
• La Nación. 9 March 2006. Estiman fuertes pérdidas por la restricción de las exportaciones.
• Bloomberg.com. 9 March 2006. Argentine Farmers Challenge Kirchner Beef Export Ban.
• Food Production Daily. 13 March 2006. Argentina suspends beef exports.
• The Mercury News. 6 April 2006. Argentina holding down beef prices.
• La Nación. 26 May 2006. Liberan parcialmente las exportaciones de carne.
• Cattle Network. 27 May 2006. Argentina Partially Lifts Ban On Beef Exports.
• La Nación. 4 July 2006. Flexibilizan la veda a las exportaciones de carne vacuna.