Argentina’s most important soy export hub braces for 24-hour oilseed staff’ strike

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Argentina’s most important soy export hub braces for 24-hour oilseed staff’ strike

BUENOS AIRES, Oct 19 (Reuters) - Argentina's oilseed staff union will maintain a 24-hour strike to


BUENOS AIRES, Oct 19 (Reuters)Argentina’s oilseed staff union will maintain a 24-hour strike to start out late Monday afternoon, affecting the nation’s most important export hub of Rosario, to press for greater wages after a number of days of what the labor group known as fruitless contract talks.

The oilseed staff walked off the job over what they known as low wages earlier this month earlier than being ordered again by the Labor Ministry. However subsequent contract talks between the employees and export corporations haven’t yielded a deal.

“The businesses proceed with unacceptable proposals,” the union, identified by its Spanish acronym SOEA, stated in a press release.

The strike is to final from sunset on Monday to sunset on Tuesday.

The walk-off by itself just isn’t anticipated to influence Argentine exports, however an extended standoff may sluggish shipments from the world’s high exporter of soymeal livestock feed used to fatten cattle, hogs and poultry from Europe to Southeast Asia.

“The business can’t settle for this strike, notably whereas we’re nonetheless on the negotiating desk with SOEA and struggling the financial penalties of the COVID-19 pandemic and excessive prices related to decrease than regular water ranges on the Parana River,” stated Gustavo Idigoras, head of Argentina’s CIARA-CEC soy crushing and export corporations chamber.

Work stoppages are widespread in Argentina, the place employers are onerous pressed to barter wages according to the nation’s excessive inflation price.

(Reporting by Hugh Bronstein; Enhancing by Hugh Lawson)

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