Argentina's grain inspectors delay wage strike -union
Argentina's grains inspectors union delayed a previously announced three-day nationwide wage strike that was expected to start just after midnight on Monday, in order to participate in negotiations, the URGARA trade union said in a statement.
Negotiations will continue through Friday and if no agreement is reached, workers will strike beginning on Tuesday, June 13, said the union, which represents specialists who check the quality of grains before they are loaded onto ships.
A work stoppage would slow the transport of recently harvested soy and corn, Argentina's two main cash crops, at one of the busiest times of the year for exports from the South American grains exporter.
Strikes are common in Argentina, where employers are hard pressed to pay wages in line with inflation, forecast by private economists at more than 21 percent this year after hitting 40 percent last year, among the world's highest.
The central bank has a 2017 inflation target ceiling of 17 percent, but a recent central bank poll of analysts forecasts a 21.6 percent rise in consumer prices.
Maximilian Heath & Jorge Otaola