Argentina's Soybean Crushers Strike Just as Harvest Gathers Pace [BNN Bloomberg (Canada)]
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Source: BNN Bloomberg
The job action that began Monday threatens to paralyze output from Argentina, the world's biggest supplier of soy meal for livestock feed and soy oil used in food and biofuels. The strike is a protest against proposed income-tax and work-rule changes included in President Javier Milei's signature reform legislation, which lawmakers are debating. The walkout adds to woes for soy crushers such as Cargill Inc. and Glencore's Viterra Inc., who've seen slow bean deliveries on the Parana River as heavy rains delayed harvesting. SOEA, a labor group representing workers at plants in Parana port district San Lorenzo, which accounts for about 70% of Argentine soy shipments, went on strike early Monday, said union official Martin Morales. The Federation of Oilseed Industry Workers, whose members crush soy in other districts along the Parana and along the Atlantic coast, joined the strike, said spokesman Ernesto Torres. “The labor reform included in the bill isn't anything like a moderniza
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