These data place the beef consumption at historic lows. For example, according to a recent report from the Rosario Stock Exchange, in 2021 an average of 47.8 kg/inhabitant per year was consumed in Argentina. “We must go back to 1920 to find a record in which a lower volume of beef per capita has been absorbed internally. At that time, the national intake had plummeted downwards, reaching the historical minimum of 46.9 kilos per inhabitant per year, “said the entity. It is precisely the figure that was recorded in July according to Ciccra.
“If we analyze the historical consumption (period 1914-2021), the average intake was 73.4 kg/person/year, while the average for the last five years was 54.5 kg/person/year”, added the study of the Rosario Stock Exchange.
It is that, as highlighted by the entity, it has been observed in recent years that Argentines replace beef with other animals: of the 109.4 kilos of meat that an inhabitant consumes per year, only 44% corresponds to bovine cuts: In the 2000s, that figure was more than 60%. So the chickenfor being cheaper, and also the porkwere gaining ground at the Argentine table.
Meat prices slowed
After skyrocketing between late 2021 and early 2022, beef prices have plateaued in recent months: Some cuts even presented slight falls in July, despite the strong jump of 7.4% registered by the IPC.
“This came to reinforce the strong slowdown in the monthly increase rate that had been recorded in June, which was favored by the slight retraction that the value of the standing property had in the last three months,” they analyzed from Ciccra.
“In line with more stable farm values and less dynamic demand, in July the average price of a kilo of roast fell 0.5% compared to June, reaching -0.9% in the case of the rump and buttocks and – 0.3% monthly, respectively. Meanwhile, the common minced meat registered a monthly increase of 1.2% in its price and the value of the shoulder did the same by 0.6%, “said the report.
In addition, he explained that in interannual terms the cuts analyzed by the IPC GBA increased below the general level of inflation: while the IPC rose 71.8% in the last twelve months, meat rose between 56.6% and 61.9 %, depending on the cut.
Precisely, to contain the rise in prices, the Government launched “Care Cuts”. Last week, the Secretary of Commerce in charge of Matias Tombolini and meatpacking companies and supermarkets agreed to continue the program until September 7.
The agreement provides for the marketing of the seven most representative cuts of meat at affordable prices for the domestic market, and in this sense, the parties promised to continue working together to extend it until September 30.
“We seek to restore order in the prices of the Argentine table. Thanks to the commitment and joint work of the national government, the industry and the supermarket chains, we reached this agreement that seeks to restore order to Argentine table prices,” Tombolini said in a statement released today.
In this framework, he stressed that the agreement will be in force until September 7, while stressing that all parties promised “to continue working to maintain it for another month.”
Source: Ambito
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