Falling exports aggravate Argentine currency crisis
The currency crisis in Argentina may be partially explained by the lack of competitiveness of its agricultural exports.
Despite being a large exporter of commodities in the last ten years, the country has lost ground on the world market for some key raw materials it produces. Beef is the best example. Since 2006, the government has restricted beef exports to boost domestic supply to keep prices down.
There has been a drastic reduction in trade: exports of Argentine beef fell by 67% between 2004 and 2013, by volume, according to IPCVA (an institute that promotes beef in the country).