In just seven months, food companies increased their profits by 1,300%

In just seven months, food companies increased their profits by 1,300%

October 28, 2024 – 11:05

In turn, the cost of preparing a stew increased by 151% in 8 months. In the comparison with the SMVyM or a minimum retirement in July, it was determined that 27% fewer portions were prepared than in November.

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The Center for Legal and Social Studies (CELS), the Rosa Luxemburg Foundation and the Regional and Territorial Studies Program (IGEO-UBA) carried out a study on deregulation of the food system. Among the findings, the researchers highlighted that From November to July, 111 public policies related to the production, consumption and access to food were dismantled.

Thus, for the analysis, these policies were surveyed and the results of production, access, and support for popular consumption through a “traffic light”. Furthermore, to make the study more representative, the increase in the price of a plate of stew and a cup of mate cooked with bread (The value of ingredients and their relationship with the SMVyM was analyzed, between November 2023 and July 2024).

The cost of preparing a stew increased by 151% in 8 months. In the comparison with the SMVyM or a minimum retirement in July, it was determined that 27% fewer portions were prepared than in November. In the same sense, the portion of mate cooked with bread implies an increase of 147%; Milk powder alone increased by 166% in the same period.

The study also reflected how food consumption decreased. Thus, they maintain that It was reduced, on average, by 16% in supermarkets and 11% in wholesale self-service between November 2023 and July 2024. The most significant falls were in: drinks (-26%), dairy (-12%), meats (-9%), fruits and vegetables (-7%), and warehouse products (-6%).

On the other hand, Food companies increased their profits by 1,300% and the grain export complex by 4,900%, between November and July. In that same period, Food prices increased by 128%.

Source: Ambito

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