As explained by Ciccra: “it was the statistical drag in November that explained the strong rise in the monthly average for December. It should be remembered that in the second half of November the price of meat at the AMBA counters increased 17.0% compared to the average of the first fortnight. Meanwhile, in the first half of December it rose 1.6% and in the second half it increased only 0.3% compared to the first half of the month. The average monthly increase was more important in supermarkets than in butcher shops in the last month of the year (12.1% vs. 9.1%), which offset what happened in November ”.
Another key data is that between November and December, nine cuts had increases of more than 10% monthly average, these are: matambre (13.7%), peceto (12.2%), loin (12.0%), rump tail (11.8%), narrow steak (10.7%), empty (10.7%) , wide steak (10.6%), skirt (10.5%) and strip roast (10.4%). In the remaining cuts, the increases were breech top (9.3%), buttock (9.2%), roast top (9.2%), square (8.9%), loin ball (8, 7%), special minced (8.1%), shoulder (8.1%), rump (8.0%), common meat (7.9%), roast beef (7.5%), little turtle (7 , 1%), ossobuco (6.5%) and common bite (3.1%).
In this context, the Government this week made official a new scheme of exports of meat, by means of which it ordered the suspension until the end of 2023 of the shipments of seven cuts of habitual consumption in the table of the Argentineans. That is, for two years, exports of roast with or without bone, skirt, matambre, roast cover, buttock, shoulder and vacuum will be prohibited. The objective is to prioritize consumption in the domestic market while working on a long-term plan to increase meat production.
In turn, and at the request of the sector, the Government also ordered the total release of exports of the so-called canned cow, a category that in practice is not consumed in the domestic market and on the contrary is highly demanded by China, a market that prefers meat suitable for long cooking.
Meanwhile, negotiations continue with the exporting refrigerators to close a price agreement for this 2022, after having managed to dump 20,000 tons at economic values for the end of the year festivities. A measure that somewhat eased the supply of the second half of December.
The increase in the price of meat is one of the major concerns of the Secretary of Commerce, Roberto Feletti, who this week detailed: “Let’s not forget that meat has suffered a very large price increase, as well as the food index has had a low, an important part for which this drop was not more pronounced has to do with the rise in the price of meat that is even going to be reflected now in the December index, and we are working on that ”.
That is why more actions from the Government are expected in the short term to stop the excessive increases in the domestic market in a context, in addition to high international prices, where refrigerators are achieving billings similar to those of last year despite the restrictions imposed during 2021 to exports.
Source From: Ambito
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