Vero
Well-known member
Wow are steaks really $50 at the supermarket in other countries? That is crazy.
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Argentina sees sharpest drop in beef consumption for 30 years!
- Thread starter Spend Thrift
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Avocado
Well-known member
It's not just the lowest in 30 years anymore. It's the lowest in 110 years!!
batimes.com.ar
batimes.com.ar
Milei’s shock therapy sends demand for beef to 110-year low
Beef demand is forecast to drop below 45 kilos (99 pounds) a person this year, the lowest in data going back to 1914.
batimes.com.ar
Beef consumption in Argentina falls to lowest in a century
Per capita consumption in 2024 forecast at around 44.8 kilos per capita, the lowest figure in more than a century.
batimes.com.ar
fetch rover
Well-known member
A steak like that here in the States would be at least $40 or more. It is sad for locals that they have to cut back so much on beef.
Another article predicting 2024 will be the worst year for steak consumption in Argentina. 🙁
Uncle Wong
Well-known member
I always assumed Argentina exported the most beef in the world. Didn't realize they were only #5.
It's worrying that 80% of Argentinians are cutting back on asados due to economic difficulties. This highlights how the gap between incomes and prices is impacting even the most traditional customs. It's a clear sign of the financial strain many families are under and how budget cuts are affecting something as fundamental as traditions and everyday life.
www.infobae.com
Ocho de cada 10 argentinos redujeron o eliminaron los asados
Los datos surgen de un relevamiento privado de humor social. El uso de taxis o uber es el consumo que los argentinos recortan primero, aunque no el único
www.infobae.com
Digital Nomad
Well-known member
At least the price of beef has gone down.
www.infobae.com
En lo que va del año, el precio de la carne bajó 16% en términos reales: qué puede pasar en los próximos meses
Aumentó menos que la inflación y según un estudio, pasó de aportar 2,2 puntos a la tasa mensual en diciembre 2023 a solo 0,11 puntos en julio 2024. Fue en gran medida por la fuerte caída del consumo y la pérdida del poder adquisitivo. Factores que llevarían a un repunte de los valores en lo que...
www.infobae.com
daveholman
Well-known member
I live in Eastern New Mexico, on the Texas border. In my county, cows outnumber humans about 5 to 1. In Texas, it's even greater. The thing is, most US beef is grain fed on feed lots, so we get a lot of beef from each cow, though the quality isn't great.
I get good grass fed and finished beef here locally, but the price is pretty steep. Way more than Argentina.
I get good grass fed and finished beef here locally, but the price is pretty steep. Way more than Argentina.
Yeah good grass fed steaks in the US are expensive. Here in Argentina there used to be more grass fed but they are moving more and more to the grain fed which is terrible compared to grass fed.
import export
Well-known member
Digital Nomad
Well-known member
Beef prices have gone up but it's still a bargain compared to back in the US.
BuySellBA
Administrator
Looks like beef consumption will go down even more. Prices are expected to go up 10% in the coming weeks.
In Argentina there is a shortage of livestock that could lead to an increase in meat prices by up to 10% in the coming weeks.
This increase is primarily due to a reduction in the supply of cattle, which has been impacted by factors such as droughts and the early release of animals in recent months.
Reduction in Supply: The shortage of livestock has intensified, with a 15% drop in the Cañuelas Agro-Livestock Market (MAG). This has led to an increase in the prices of livestock, which could be passed on to butcher shop counters.
Droughts and Climate Change: Droughts have negatively affected the availability of cattle for slaughter, a situation expected to continue in 2025.
Changes in Dietary Habits: Although Argentina remains one of the largest consumers of meat per capita, there is a growing trend towards consuming chicken and pork instead of beef.
Price Increase: It is anticipated that meat prices will rise by between 5% and 10% starting this Monday. This could vary depending on how the public responds to these changes.
Butcher Shop Strategies: In a context of declining demand, butcher shops might opt to increase prices for some cuts while maintaining popular ones, or absorb the cost increase if possible.
If prices are not validated, it is possible that butchers will have to backtrack and lower prices again. This will depend on how consumers respond to the increases and the ability of butcher shops to absorb costs without losing customers.
In Argentina there is a shortage of livestock that could lead to an increase in meat prices by up to 10% in the coming weeks.
This increase is primarily due to a reduction in the supply of cattle, which has been impacted by factors such as droughts and the early release of animals in recent months.
Reduction in Supply: The shortage of livestock has intensified, with a 15% drop in the Cañuelas Agro-Livestock Market (MAG). This has led to an increase in the prices of livestock, which could be passed on to butcher shop counters.
Droughts and Climate Change: Droughts have negatively affected the availability of cattle for slaughter, a situation expected to continue in 2025.
Changes in Dietary Habits: Although Argentina remains one of the largest consumers of meat per capita, there is a growing trend towards consuming chicken and pork instead of beef.
Price Increase: It is anticipated that meat prices will rise by between 5% and 10% starting this Monday. This could vary depending on how the public responds to these changes.
Butcher Shop Strategies: In a context of declining demand, butcher shops might opt to increase prices for some cuts while maintaining popular ones, or absorb the cost increase if possible.
If prices are not validated, it is possible that butchers will have to backtrack and lower prices again. This will depend on how consumers respond to the increases and the ability of butcher shops to absorb costs without losing customers.
Uncle Wong
Well-known member
10% jump in beef?? I thought inflation was slowing down. That is a huge jump up. I would have to believe that people will just cut back even further vs. continuing to keep paying higher and higher for steak. I guess now they know how the rest of the world lives eating steak as a luxury.
TonyTigre
Well-known member
I'm 'going to call bull' on the claim that there's an actual shortage and therefore they have to increase prices. It's like OPEC saying oil prices need to go up because there's an oil supply shortage after putting less oil on the market. I doubt there's a truly reliable source of actual number of cattle relatively to historical norms. Even OPEC knows to keep oil prices down so as not to push people more into alternative energy. They better be careful with their pricing or the shift to the relatively heavier chicken and pork will stick permanently in Argentina. If anything, they should be cutting prices to win back market share.... yes, yes, but, but, it's Argentina!
Uncle Wong
Well-known member
That is what I thought. It seems like they use all kinds of excuse when they want to raise prices. Seems like they wanted to put the idea out there and warn people.
I was thinking the same thing as you @TonyTigre about them cutting prices instead of raising prices. Things don't seem to act normally there. Normally when a business sells less they lower prices to raise sales volume and raise their profits. Argentina seems to do the opposite!
Right there with you pal. You can't trust any information about this. Probably all manipulated. Argentina businesses don't have common sense pricing. When they don't sell instead of discounting they raise prices even more trying to make up for lost sales! Happens all the time. They do the exact opposite of what they should be doing which is lowering prices.
Betsy Ross
Well-known member
Good analogy with OPEC. They are always making excuses to raise prices here. I understand that beef prices will probably go for locals because exporters will probably want to sell more outside of Argentina vs. inside. But 10% beef price increases on top of already increased prices and reduced sales seems like a terrible idea.
Most I know have already cut back on the amount of beef they consume. Typical Argentina!
earlyretirement
Moderator
Agree on all of these posts above. Especially true is the lack of common sense on pricing. I've never seen a more backwards country on pricing and supply and demand. When times are good they raise prices. In bad times they raise prices even more trying to make up for lost sales. I've seen that time and time again. If they only lowered prices they would sell much more. Many times there is no logic on things like this in Argentina.
Pink Panther
Well-known member
I don't think that people will put up with a further increase of 10%! Prices have already gone up significantly this year. All my friends doing their weekly asados have cut back and doing it only once per month now. Very sad to see.
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