The Argentine government has announced a 30 percent discount on government funding for poultry and pig projects to increase national meat production for domestic and foreign markets and reap economic and social benefits from it.
The Central Bank of the Argentine Republic (BCRA) has decided to expand credit lines for manufacturers of all sizes, as they represent the “dynamic chains of the national economy”. Photo: Joris Telders
According to the Argentine Ministry of Agriculture, Livestock and Fisheries, livestock plays a strategic role in job creation and food supply. “It is imperative to establish financial instruments to further increase our agro-industrial production, guaranteeing domestic supply and export growth,” said Minister Luis Basterra.
30% discount for companies investing in poultry farming.
Argentina Central Bank Board of Directors, BCRA, decided to offer a 30% discount to companies, regardless of their size, that invest in chicken or pork production. “These sectors have adequate margins to increase their production and contribute to diversifying the non-beef meat consumption agenda as well as increasing net exports,” the bank said.
Building opportunities across the country
Intensive livestock production plays an important role in the government’s plan to create opportunities throughout the country, mainly in rural areas. “These chains are strategically important for increasing added value in our territory, transforming our grains into meat and for national development through job creation,” said Deputy Minister of Livestock and Livestock, Jose Maria Romero.
Significant increase in consumption of poultry meat
Chicken consumption in Argentina has increased by 72.9% over the past 20 years. In 2000, Argentines consumed 26.6 kg of poultry per capita, up from 46 kg per capita last year.
Poultry is an important meat in Argentina
Romero says poultry has become a staple in the Argentine meat basket, and its consumption is very close to beef. “Consumers have the advantage of accessing this high quality protein at a very affordable price,” he said. In 2020, the country exported 34 704 tons of meat, which is 65% more than in 2019, while imports decreased by 36% to 20 142 tons.