The government has announced the inclusion of meat in the Fair Prices scheme after sharp increases the product has had so far this year, when they went up from 25% to 30% in gondolas and butcher shops and had a significant impact on inflation. This Tuesday, INDEC will release January data, which according to private consultants would be around 6%.
The cuts that will enter the official plan are the roast at $1,035; buttock at $1,375, matambre at $1,310; empty at $1.35; skirt for $675, shoulder for $1,113 and roast cover for $1,035, the 7 cuts of which are prohibited from export until December 31st. According to government calculations, these values are between 30% and 35% less than marketed.
The agreed prices will start from this Friday in supermarkets and it will last until March 31st and then these cuts will have a guideline of 3.2% until June 30th. And the offer will be greater than the previous program in effect until last September. Now, instead of 6,000 tons, the offer will be 15,000 tons (plus what Coto and La Anónima contribute, which are self-sufficient) which can be purchased in supermarkets grouped into groups in the Association of United Supermarkets (ASU), the Argentine Chamber of Supermarkets (CAS), and the Argentine Federation of Supermarkets and Self – Services (FASA) and refrigerator butchers.
Also, it was announced 10% cashback on debit card purchases for companies registered with AFIP on the date the program enters into force. This includes butchers, convenience stores and VAT registered businesses such as MiPyme. But hypermarkets and supermarket chains will be excluded. The repayment limit, which will be credited in 48 hours, will be $2,000 per month.
In order for as many butcher shops to join, they will be offering the Banco Nación Merchant account at a 100% discount for 12 months so that butcher shops can charge with debit and credit cards.
The main factor behind this increase is due to the sharp increase in the value of the assets since the beginning of the year as there is more retention in the fields. On the first day of operations, the main categories traded on the domestic market were trading at 312 a kilo, and last Friday it closed at 490 dollars, an increase of 57% in just a month and a half.
In any case, the sector assures that this increase is due to a recomposition of prices in 2022, the year in which the increases in this market were just 40% due to the large supply of animals that caused drought in the various production areas areas of the country. .
In this scenario, over-the-counter beef grew by 42% last year compared to 94% given by general inflation. But so far this year it has already increased between 25% and 30%.
For the next few weeks, the value of the company is expected to continue to rise, so the values on the meters would follow the same trend.
also announced advantages for butchers so that there is less evasion in the chain. According to a study by the ABC Consortium, “1 in 3 pesos is not invoiced”.
For butchers subject to the Simplified Regime for small tax payers and responsible butchers with a VAT number, the payment of the AFIP control tax obligations due until 31 December is deferred. Likewise, the total exclusion from the Simplified Regime of Small Taxpayers and/or Automatic Cancellation will be suspended until 31 December.
Even in this package of measures has been included for the breeder, which is badly affected by drought, so that there is more supply in the target markets. will be subsidies of up to 40% of food necessary for the cessation of animals in the feedlot.
Any producer can participate up to 100 animals to the official program, which can only be used for consumption in the domestic market. The Program has a duration of 4 months and will have a the tax cost will be $14,900 million.
Source: Clarin
