After the strong increases registered in recent weeks, the price of the estate found a roof due to the brake on the consumption and began to retrace a downward path. In this scenario, the sector estimates that in the coming days A retraction will be observed in the values of beef on the counter. A key fact not only because of the proximity to the Parties end of the year, but also because of the weight that meat has within the food basket and its impact on the inflation.
In the first weeks of December, The price of a live kilo accumulated increases of up to 40% in the Cañuelas agricultural and livestock market. These increases were largely transferred to the counter: for example, according to the survey carried out by the Free Consumers groupthe average of four beef cuts rose 22.4% in the first half of December. The roast rose 19.5%, while the loin ball increased 22.9%, the shoulder 18% and the minced meat, 32%.
Anyway, consumption did not validate these increases. and the price of The property fell more than 20% compared to last week’s peak. This decrease, they say, would also translate into a drop in prices.
“Prices are going to adjust downwards in the butcher shop. Today the values in the Cañuelas market continued to drop a little, surely next week something may recover, but prices will adjust downwards,” Miguel Schiariti, director of the Chamber of Industry and Commerce, explained to Ámbito. of Meats (CICCRA).
“This week’s setbacks have to do with the fact that consumption said ‘enough’ and put a ceiling on prices in the butcher shop. And I get the feeling that the prices They are going to go back at least 20%”Schiariti added.
Meat: what factors drove the increases
As analysts explained to this medium, one of the factors that influenced the sharp rise in the treasury in recent weeks It was the lowest level of supply in the market, because “sales and deliveries slowed down based on expectations of the new Government measures.”
Along the same lines, the Secretary of Bioeconomy, Fernando Vilella, pointed out that the increases were for a “sum of circumstances” that are not linked to the measures taken by the Government. “The problem we are seeing these days was that meat was the product that increased the least during the last two years. Furthermore, The drought was very impactful and part of the rodeo was lost, which means that we are going to have a few months with less supply“, held.
The official acknowledged that the meat is “at a time of very high prices due to a number of circumstances,” but he stressed that “none” of them are “linked to the measures that were recently taken.”
“The price that is today is a price that is difficult to sustain. I get the impression that the decrease in purchasing power is going to depress demand and that depression will affect prices,” the official estimated in radio statements.
In this scenario, last week the Bioeconomy Secretariat announced an agreement with the meat processing industry to maintain supply values in five barbecue cuts for the Holidays, which will be offered in different supermarket chains.
The aforementioned offers will be valid for the next two weeks, between Christmas and New Year. The cuts included are roast ($4,900), matambre ($5,900), vacuum ($5,900), roast tapa ($4,900) and skirt ($2,900).
Source: Ambito
