The information came from a survey of the Chamber of Industry and Commerce of Meats and Derivatives of the Argentine Republic (CICCRA).
Why meat consumption fell: the causes
The entity, in a report, pointed out that the brutal drop in consumption occurred despite a price slowdown. Beef values rose 2.4% last May. They were thus well below the 4.2% general increase in the cost of living and the 4.8% increase in “Food and non-alcoholic beverages”; both reported last Thursday by the National Institute of Statistics and Censuses of the Argentine Republic (INDEC).
The CICCRA report indicates that, when comparing the prices of last May with those of the same month of 2023, the increase was 283.9%. The maximum increase corresponded to common minced meat, whose value rose 307.8% in the last twelve months; and the minimum, to the roast, with an increase of 259.7% year-on-year.
In interannual terms, the average increase in prices of beef cuts was lower than the increase in the average value of the standing property (297.2%) and was just above the general level of consumer prices published by INDEC (276.9%).
The president of CICCRA, Miguel Schiaritiin the report estimated that the slowdown in prices recorded “at the butcher counter” and the sharp drop in sales responded to “the significant contraction that the purchasing power of families registered in the last year ”.
Consumption: what was the price of meat in May 2024
According to the Ipcva, the The price of fresh chicken rose 4.7% compared to April 2024 and increased 249.1% in the last twelve months. For its part, the price of pork breast varied -0.9% compared to the previous month and 231.4% compared to a year ago in the AMBA.
Besides, In the survey carried out by the Ipcva, they indicated that in the points of sale that serve neighborhoods with a high socioeconomic level, beef prices increased by 3.2%. Meanwhile, in the points that sell to the average socioeconomic level, the increase was 1.8%. Besides, In those that supply the lower socioeconomic level, meat became more expensive by 4.7%.
With respect to the different categories of property, the steer meat showed variations in its prices of 2.7%, that of steer 4.3%, and that of heifer and veal 2.7% compared to the prices of April 2024. On average, the price of the light category of retail consumption had an increase of 2.9% versus the price of last month.
The Ipcva pointed out that the main increases in average prices during the past month occurred in the loin, with 5.2%; osso buco, with 4.9%; and tail of cuadril and cuadril, both with 4.7%. On the other hand, the cuts with the smallest increases in prices were the loin ball (1.3%), strip roast (0.6%) and buttock (0.3%).
Source: Ambito
