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2022

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Bolivia Lifts Beef, Soy Export Bans As Protests Persist

Source:

OIG+X

Bolivia said it has lifted export bans of key food products including soy and beef, which began in late October amid ongoing strikes in the key lowland farming region of Santa Cruz.

 

Bolivia said it has lifted export bans of key food products including soy and beef, which began in late October amid ongoing strikes in the key lowland farming region of Santa Cruz.

 

“Right now there are no temporary restrictions on these products,” Minister of Productive Development and Plural Economy Néstor Huanca said in a TV bulletin late Tuesday, adding that the government had lifted the restrictions in recent days.

 

Bolivia’s government briefly suspended exports of soybeans, soybean meal, soybean meal, sugar, oil and beef in late October, aimed at safeguarding food security in the country as protests mounted in Santa Cruz over a postponed population census.

 

Huanca added that export restrictions would be revised every three months.

 

Bolivia was approved to export beef to China earlier in 2019 and now has three plants exporting beef products to China.

 

Since the approval in 2019, Bolivia's domestic cattle stock has grown at an average rate of 3% a year, and now the country's total cattle stock has reached more than 10 million (Santa Cruz, the center of the strike, has the largest herd of 4.78 million, accounting for about 45%).

 

The relatively high cattle stock is expected to further increase its domestic beef production, providing a good foundation for beef export growth to China.

 

The opening of the Chinese market in 2019 greatly boosted the development of domestic livestock industry and meat export business in Bolivia, with both beef exports volume and values reaching records. Bolivia exported 18,000 tonnes of beef in the first seven months of this year, but exports have already surpassed last year's total at $110 million, according to the official data. In addition, Bolivia's domestic production department expects to export more beef to China in the future, and will further open up other export markets such as Chile.