Specifically, Argentina remains the top global supplier soymeal livestock feed used to fatten hogs, cattle and poultry from Europe to Southeast Asia. It is also a major exporter of corn, wheat and raw soybeans.
Now, Reuters reports that employees of soy processing factories in the country’s main agricultural export hub of Rosario, on the Parana River, are fighting for wage increases big enough to compensate for high inflation and the elevated health risk associated with working during the COVID-19 pandemic.
However, the tensions and the strike have impacted the country’s exports, as the government is trying to get Argentina out of recession.
A labor ministry spokesman reported to Reuters that the government will sponsor the negotiation session, noting that “In principal the meeting will start at 11 a.m. (1400 GMT).”
Overall, Rosario port terminals have not received soybeans since the strike started, causing a delay in the loading of more than 100 cargo ships.