Argentina: Nationwide beef exporters' strike scheduled through May 28 may prompt protests

Event

Protests are possible across Argentina over the coming days as part of a nationwide strike launched by beef exporters. The labor action, which has been organized by a variety of labor unions and professional associations, will continue into at least May 28. The work stoppage is in response to the government's 30-day ban on most beef exports, slated to be in effect until June 19; the ban reportedly aims to stabilize domestic prices. Grain producers have threatened to join the strike in solidarity with the beef sector if the measure is not repealed.

Because the export ban is scheduled to last for 30 days, the strike could be extended past May 28 if no resolution is reached before that date. A heightened security presence and localized transport disruptions are likely around any protest sites. The strike may produce knock-on business disruptions, especially if extended past May 28.

Context

Due to the importance of the Argentine beef market both domestically and abroad, the sector's strike carries unusual economic weight. Unions associated with the sector have stated that the export ban will do little to tame the inflation - estimated at around 48 percent annually - that has affected foodstuffs and other items throughout the country. Instead, exporters claim that the ban will force them to sell existing supplies at unprofitable prices, forcing business closures and ultimately reducing global market share. The potential addition of grain producers to the strike effort would raise tensions further and is already drawing comparisons to the large-scale agrarian strike of 2008. That effort proved an existential threat to the government at the time, with protests occurring nationwide, including in Buenos Aires; multiple incidents of violence were recorded during the unrest.

Advice

Avoid all areas where strike-related demonstrations or marches are planned. Prepare for potential transport and business disruptions.