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Government Halts Beef Exports

  • Argentina's government is limiting beef exports, in an attempt to contain runaway inflation.
    • President Fernandez told a key beef export association that they won't be allowed to sell the product abroad for 30 days, according to a Production Ministry statement released late Monday. In that period, the government will determine a set of emergency measures for the sector.
  • (BBG)Argentina to reopen a sale of fixed-rate peso bonds due May 21 2022, according to an Economy Ministry statement.
    • Bonds pay annual nominal rate of 22%
    • Sale opens at 10am local until 3pm
    • Minimum price set at 966.64 pesos per 1,000 pesos

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