Argentina's Soybean Oil Workers Strike Over Wage Dispute

Two unions of soybean oil factory workers in Argentina have initiated a strike over wages, halting operations at the country's soy oil plants. Despite meetings with sector companies, no agreement was reached, leading to a paralysis in one of the world's largest soybean processing hubs amid Argentina's economic struggles.

Two unions of soybean oil factory workers in Argentina have gone on strike over wages, bringing operations to a standstill in one of the world's largest hubs for processed soybeans.

Argentina, a significant global supplier of soybean oil, is experiencing this disruption due to failed collective bargaining negotiations between unions and sector companies, including the oilseed industry chamber CIARA.

Despite attempts to resolve the wage dispute, no agreement has been reached amid Argentina's ongoing economic crisis, which has seen consumer prices rise by 80% in the first half of this year. Union representatives and industry officials remain in talks as the strike enters its first day.

(With inputs from agencies.)