The price of meat increased by 1.3% in November and in the last 12 months the increase was 56%. This was revealed by a report by the Institute for the Promotion of Beef measured in 80 butcher shops in the federal capital and Greater Buenos Aires and in more than 40 supermarkets.
The curious thing is that the percentage increase in the price of the emblematic product for Argentines, both monthly and annually, was well below inflation. According to INDEC, inflation was 4.9% and accumulates 92.4% in the last twelve months.
The largest increases in average monthly prices in November occurred in pitch (3.9%), common meat (3.6%) and matambre (2.4%). While the main decreases in the average price occurred in large steak and roast beef (0.6%), in shoulder (0.4%) and in the picada and ossobuco specialties (0.2%).
The main factor for the stagnation in beef values has to do with the production context, which is feeling the effects of a negative combination composed mainly of one of the worst droughts in recent times and a stricken economy with low street purchasing power. This generates itn the fat farm market there is more supply than demand.
In November, therefore, the growth in value was 1.3%; in October, 2.2%; in September, 1.8%; in August, 1.2%; in July there were no changes; and in June, 1.4%. The last big jump in value was in May when it jumped 6%.
In any case, consumption has not recovered and has increased by only 400 grams per inhabitant, reaching 47.2 kilos per capita, according to data from the Chamber of Industry and Commerce of Meat (Ciccra).
Instead, the other alternative meats grew higher than the beef. The price of fresh chicken showed increases of 2.8% in November compared to October. Compared to November 2021 values, chicken has increased its price by 96.5%.
– For its part, the price of pork brisket showed increases of 1.9% compared to the previous month. And compared to the values of November 2021 increases of 66.7%.
exports
Cumulative chilled and frozen beef exports for the first eleven months of 2022 reached 580,000 tonnes of product weight with a value of approximately $3,248 million. This is 10.8% more than in the same period of the previous year and 28.5% more in terms of revenues, according to data from the ABC Consortium.
Source: Clarin
