Argentina's Soybean Oil Industry Paralyzed by Wage Strike

Soybean oil factory workers in Argentina have initiated a strike due to unresolved wage negotiations, impacting one of the world's largest soybean processing hubs. Despite meetings with industry representatives, no agreement has been reached, resulting in a halt to operations amid the country's economic crisis and soaring inflation.

Soybean oil factory workers in Argentina have gone on strike over wage disputes, effectively halting operations at one of the global hubs for processed soybeans. This development could have significant repercussions across various industries reliant on soybean oil, ranging from food production to biodiesel manufacture.

The strike was initiated by the SOEA and the Federation of Oilseed Industry Workers following unsuccessful negotiations with industry representatives, including the oilseed industry chamber CIARA. Despite the talks, the parties were unable to reach a satisfactory agreement on wages.

Martin Morales of SOEA stated that the strike would continue, with workers poised to decide on extending the action. Argentina's ongoing economic crisis has exacerbated the situation, with inflation rates sky high. CIARA head Gustavo Idigoras confirmed that the strike has effectively brought all soybean processing plants in the country to a standstill.

(With inputs from agencies.)