Argentina sees sharpest drop in beef consumption for 30 years!

[Larry]

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!

Lies and more lies. Inflation can't be contained. Peso will have to eventually devalue and inflation will go back up.

Prices at carnicerias are outrageous and keep going up. Now they say it will go up 10% more. Look at increases in beef prices that are mostly not selling. @TonyTigre is correct. Prices need to go down not up!

 

[Avocado]

Lies and more lies. Inflation can't be contained. Peso will have to eventually devalue and inflation will go back up.

Prices at carnicerias are outrageous and keep going up. Now they say it will go up 10% more. Look at increases in beef prices that are mostly not selling. @TonyTigre is correct. Prices need to go down not up!

Look at the prices of beef now. I don't care whatever excuse they are trying to make. It is crazy. Beef prices are now 8 times more expensive than chicken. Butchers are disgusting. They would rather let beef spoil and not sell it instead of discounting and selling more.

 

[Ron]

Despite this decline, beef remains a fundamental part of Argentine cuisine and culture. Many Argentinians continue to buy it, albeit in reduced quantities, reflecting its ongoing importance in the country’s eating habits. Sunday family barbecues are still sacred to locals.

 

[Johnny]

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!

🤣🤣 Yes I read that sales were at an all time low for beef. Raising prices when they already can't sell it makes no sense. My friend is down in BA now. He told me he went to a burger place in Palermo. I can't remember the name but he said they have 25,000 peso burgers there. $21 USD burgers. That is just crazy.

 

[Jenn]

I don't understand. How do the basic laws of supply and demand not work in Argentina?? It works most everywhere else in the world. How does this concept not work in Argentina?

 

[Betsy Ross]

I don't understand. How do the basic laws of supply and demand not work in Argentina?? It works most everywhere else in the world. How does this concept not work in Argentina?

Many things are like this in Argentina where fundamentals make no sense.

 

[Finance Prof]

🤣🤣 Yes I read that sales were at an all time low for beef. Raising prices when they already can't sell it makes no sense. My friend is down in BA now. He told me he went to a burger place in Palermo. I can't remember the name but he said they have 25,000 peso burgers there. $21 USD burgers. That is just crazy.

There are many places now in Palermo that have $20 USD burgers now. Totally crazy to me but I have seen the same thing at many places.

 

[Finance Prof]

Many things are like this in Argentina where fundamentals make no sense.

Very true. I can't see this situation continuing without eventually crashing. Granted it can go on for a while but eventually it will crash. In no scenario can burgers cost the same or more than the USA while salaries are a fraction of what they are back home. The Pais tax was eliminated and imported items still are expensive.

Even with all the changes that Milei has made things still seem broken. Sure some people are saying he can't fix things overnight but if the basic rules of supply and demand on pricing don't work than not sure they can be fixed anytime soon.

 

[Wally]

I don't understand. How do the basic laws of supply and demand not work in Argentina?? It works most everywhere else in the world. How does this concept not work in Argentina?

Argentina is in its own universe. Very few things make sense here. Still some things are working. Look at Toyota. Some taxes were eliminated and Toyota reduced the prices of their cars up to 17%. I remember reading about that either on here or X. They lowered prices within days of the taxes being eliminated so things are working. Albeit slowly sometimes.

 

[daveholman]

Very true. I can't see this situation continuing without eventually crashing. Granted it can go on for a while but eventually it will crash. In no scenario can burgers cost the same or more than the USA while salaries are a fraction of what they are back home. The Pais tax was eliminated and imported items still are expensive.

Even with all the changes that Milei has made things still seem broken. Sure some people are saying he can't fix things overnight but if the basic rules of supply and demand on pricing don't work than not sure they can be fixed anytime soon.

Government can affect supply, but they don't set prices. I think the problem is business owners have no reason to think any change is going to last. Inflation will have to stay low for a long time before people rely on it.

 

[Piranha]

Government can affect supply, but they don't set prices. I think the problem is business owners have no reason to think any change is going to last. Inflation will have to stay low for a long time before people rely on it.

Bingo. This is exactly the problem. People are so engrained in their head that inflation is going to come back. Even those who support Milei don't fully think that he will solve things long term because it is difficult to trust the inflated value of the peso. Everyone knows it is not the true value and once the currency gets devalued inflation will come back so people keep prices high.

It makes no sense the prices on things. Labor is cheap. So they went up since last year but there is no reason why a burger anywhere in BA should be $20 bucks. Go to places like Pony Line at the 4 Seasons and they have a 40,000 peso burger. That is $34 bucks. Even in the USA you won't see prices like that. Something is out of whack.

People are charging as much as they can and probably will not adjust. I have seen companies that would rather go out of business vs lower prices and stay competitive. I constantly shake my head at this here.

 

[Betsy Ross]

Bingo. This is exactly the problem. People are so engrained in their head that inflation is going to come back. Even those who support Milei don't fully think that he will solve things long term because it is difficult to trust the inflated value of the peso. Everyone knows it is not the true value and once the currency gets devalued inflation will come back so people keep prices high.

It makes no sense the prices on things. Labor is cheap. So they went up since last year but there is no reason why a burger anywhere in BA should be $20 bucks. Go to places like Pony Line at the 4 Seasons and they have a 40,000 peso burger. That is $34 bucks. Even in the USA you won't see prices like that. Something is out of whack.

People are charging as much as they can and probably will not adjust. I have seen companies that would rather go out of business vs lower prices and stay competitive. I constantly shake my head at this here.

Ponyline is an expensive place. You can't expect to pay anything cheap there. It's always been expensive and they have had US style pricing forever there.

It is true that you can spend a lot on a burger but there are also better deals. The Food Truck Store has a good double burger and the combo with fries and a beer is about 20,000 pesos.

The Food Truck Store | Hamburguesas

The Food Truck store ofrece las mejores hamburguesas de Argentina. Contamos locales en Palermo, Recoleta y Belgrano.

www.thefoodtruckstore.com.ar

 

[StatusNomadicus]

This will depend on how consumers respond to the increases and the ability of butcher shops to absorb costs without losing customers.

i'll hook all you guys up: i've been wanting to try en "elimination diet" and up my fasting game, as well as try being vegetarianism for a month while my lady is out of town (easy to just cook and eat eggs for me). there's my contribution to bringing prices down...but my dog eats 2 pounds of meat/organs/raw bone every day, so maybe it won't make a difference 😛

 

[BA Bound]

i'll hook all you guys up: i've been wanting to try en "elimination diet" and up my fasting game, as well as try being vegetarianism for a month while my lady is out of town (easy to just cook and eat eggs for me). there's my contribution to bringing prices down...but my dog eats 2 pounds of meat/organs/raw bone every day, so maybe it won't make a difference 😛

Wow being a vegetarian in Argentina is drastic. What made you want to switch? Just for health reasons? My friend switched to eliminating beef and it has made a big difference in his health.