Mumbai, May 8 (Commoditiescontrol): Argentina and Brazil, two agricultural powerhouses, are on the verge of facing significant disruptions in their crucial agriculture sectors as worker strikes loom.
Argentina's vital agricultural export sector is on the brink of significant disruptions as the Argentine Oilseed Workers Union (SOEA) has declared its participation in a general strike scheduled for Thursday. This strike, a response to a proposed government labour reform plan, has the potential to severely impact the country's export activity, given the SOEA's strong presence in the major agro-industrial area near Rosario.
Meanwhile, federal agricultural tax auditors in Brazil voted overwhelmingly to approve a strike starting Wednesday. The National Union of Agricultural Tax Auditors (Anffa Sindical) cited dissatisfaction with the federal government's response to career demands as the reason for the potential labour action.
Potential Economic Impacts
The timing of these strikes in Argentina and Brazil could significantly impact the countries' agricultural sectors. Argentina is a major global exporter of soybeans and related products, while Brazil is a leading player in multiple agricultural markets, including coffee and sugar. Any prolonged disruptions to port activity or inspections could delay shipments and increase costs for producers and exporters.
(By Commoditiescontrol Bureau; +91-9820130172)
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