November 19, 2020


Argentine government intervenes to stop grains sector strike


The Argentine government intervened to stop a strike by tug boat crews that could have disrupted Argentina's key grains export industry, as the Labor Ministry ordered contract negotiations to resume, Reuters reported.


The strike, which did not last past a day, commenced after contract talks had broken down over wages. The government usually presses with these orders to maintain operations of the country's grains export sector.


Argentinian port activity has been regularly interrupted by work stoppages in the past few months, driven by employers unable to raise wages due to the country's high inflation.


Argentina is a major global corn, soybean and wheat supplier, and the biggest soymeal livestock feed exporter internationally.


November is not high export season for Argentina as corn and soy planting has just begun.


The tug boat crews strike affected Rosario port, which accounts for 80% of Argentina's grains exports. However, not all of the country's ports need tug boats to operate.


-      Reuters