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Argentina Drought Prompts Agricultural Emergency Meeting

Argentina has convened an emergency meeting to discuss how to cope with a drought that is devastating the country's agricultural sector.

The National Farm Emergency Commission on Friday met in Buenos Aires as private estimates put the cost of the drought in lost revenue in the billions of dollars.

An unusually hot summer in the southern hemisphere and below-normal levels of rainfall have created a nationwide drought.

Several provinces have declared agricultural emergencies.

The Latin American country is a major world exporter of wheat, corn, soybeans and beef.