| MAP | 6.7 | 2011/09/02 13:47:11 | -28.422 | -63.146 | 592.8 | SANTIAGO DEL ESTERO, ARGENTINA |
http://earthquake.usgs.gov/earthquakes/recenteqsww/Quakes/usc0005n9z.php#details
| MAP | 6.7 | 2011/09/02 13:47:11 | -28.422 | -63.146 | 592.8 | SANTIAGO DEL ESTERO, ARGENTINA |
The government is already embroiled in an unprecedented row after its attempted use of Central Bank reserves to pay off Argentina's debt, which led to the removal of Central Bank Gov. Martin Redrado and a public reproach from the High Court.
At the farmers' meeting, Fernandez conceded that meat prices in Argentina had risen beyond reasonable levels but blamed the hikes on profiteering by the livestock producers.
The president's comments provoked an immediate volley of angry retorts from the farmers' representatives, who said her comments were offensive and did not take account of the government's own policies as the cause of the hikes.
Recent increases in food prices, coupled with shortages of electricity and other outages, have heightened discontent in Argentina. The rising prices of beef, Argentina's staple diet, have caused widespread outrage that the government so far has been unable to deal with, choosing instead to blame one or other sector of the economy.
Lack of progress on poverty-reduction programs for Argentina's outlying areas has also eroded the government's popularity.
Added to that has been public anger over charges the president's spouse and former president, Nestor Kirchner, dabbled in insider trading while buying $2 million in U.S. currency soon after the 2008 financial crisis. Kirchner has denied any wrongdoing, but opposition critics of Fernandez have fanned anti-government sentiment and latent resentment of the presidential couple's financial dealings has given rise to published comments and criticism in the country's print and broadcast media. READ MORE
http://www.meattradenewsdaily.co.uk/news/120210/argentina___beef_prices_rise__since_december.aspx

| Location | 22.890°S, 66.532°W |
|---|---|
| Depth | 141.7 km (88.1 miles) |
| Region | JUJUY, ARGENTINA |
| Distances | 190 km (120 miles) NW of San Salvador de Jujuy, Argentina 240 km (150 miles) NNW of Salta, Argentina 240 km (150 miles) SW of Tarija, Bolivia 1500 km (930 miles) NNW of BUENOS AIRES, Argentina |
Oct. 30 (Bloomberg) -- Argentina, the biggest per capita beef consumer, may face a shortage of the national staple as early as next month if the government continues to withhold subsidies to feedlots, a farm group official said.
Feedlots “are short of cash,” Eduardo Ambrosetti, chief economist of the Argentine Rural Society, said yesterday in a telephone interview from Buenos Aires. “Feedlot operators are replacing less than 40 percent of the cattle.”
Argentina’s more than 500 feedlots rely on the 200 pesos ($52) per head that the government has failed to pay since Sept. 1 as a steady source of income. The reduced income for cattle growers follows government policies that have made it unprofitable to export beef for many producers.
Hugo Biolcati, president of the rural society, said Aug. 27 that a cattle shortage would lead Argentineans to cut down domestic consumption by almost a third in the next two years.
Argentineans eat on average about 70 kilograms of beef each every year. The South American country’s herd has declined over the past year as the worst drought in a century harmed pastures.
To contact the reporter on this story: Rodrigo Orihuela in Buenos Aires at rorihuela@bloomberg.net.