RIO DE JANEIRO, BRAZIL - Argentine meat processing plants will invest US$187 million (R$1 billion) in a bid to increase exports from the country by 33% over three years to 1.2 million tons per year, the head of a local trade group said on Monday during a conference with government officials.
Argentina is a major world exporter of beef and China its main customer. The governor of Buenos Aires province, Axel Kicillof home to many of the country's meat plants, said that the production expansion is mainly intended to serve the Chinese market, the destination of 73 . . .