Argentine soy-crushing workers start strike

BUENOS AIRES, Nov 3  (Reuters) – A strike by Argentine
soy-processing workers halted crushing-activity at major plants
around the main grains port of Rosario, a union leader said on
Thursday.
Argentina is the world’s top soyoil and meal supplier and
almost all its soy exports are shipped from river ports in the
area around the central city of Rosario.
Soy-crushing workers downed tools after they failed to
reach a deal for an additional payment late on Wednesday.
Grains exporters Cargill [CARG.UL], Bunge (BG.N: Quote), Molinos
Rio de la Plata (MOL.BA: Quote), Vicentin, ACA, Noble (NOBG.SI: Quote) and
Louis Dreyfus operate in Rosario and were hurt by the protest.
“Plants have closed their doors,” union leader Daniel Succi
told Reuters, adding the indefinite strike was also blocking
access to trucks unloading grains at crushing plants.
Pay strikes have become common in Argentina in recent years
as workers negotiate raises that reflect soaring consumer
prices, estimated privately to be rising by more than 20
percent a year, one of Latin America’s highest rates.
http://af.reuters.com/article/commoditiesNews/idAFN1E7A20LN20111103

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