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Markets Print edition: 2022-02-22

Argentina grains

Published February 22, 2022 Updated February 22, 2022 04:43am
By

BUENOS AIRES: Argentina’s grains inspectors began a 24-hour strike on Monday demanding bonus payments, but port activity and shipments of farm products were not affected in the South American country, the top global exporter of processed soybeans.

Juan Carlos Peralta, press secretary of the URGARA union, said there was strong compliance with the strike action and that on Monday afternoon the union would hold another assembly to decide whether to extend the strike.

“We will continue with the measure if we do not have an answer,” Peralta said.

Strike action by URGARA, which brings together technical workers who inspect grains stored in stockpiles and loaded on ships, can disrupt international trade of grains from the major exporter of soy, corn and beef.

However, the current strike is only impacting non-port grains storage centers, mainly hitting the trucks that take grain to river and marine terminals. Grains exporting firms in the ports have reserves to keep operating for several days.

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