Argentina: Beef consumption is the lowest in a century | Javier Milei | latest | WORLD



Juicy beef “steaks” are an increasingly exclusive luxury for most people. who have restricted this food from their diet until its consumption has dropped to its lowest level in a century, revealed a report from the Rosario Stock Exchange.

If the trend continues, per capita consumption in 2024 will close at around 44.8 kilos per inhabitant, the lowest figure since 1920, the study reported.

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In Argentinaproud of the quality of its beefthe historical average consumption of this food is 72.9 kilos per year per inhabitant.

The decline is the result of the blow to the pocket of inflation, which was 280% year-on-year last May, and the economic recession with widespread collapse of all activities, according to official indices.

More than half of the population Argentina of 45 million inhabitants is poor, according to statistics.

In the city of Buenos Airesthe richest in the country, the rate of indigence – those who cannot buy the basic basket food – doubled from 8 to 16% in the first quarter of this year compared to the same period last year.

The consequence is the migration of consumers to other types of food which provide protein and are less expensive, such as poultry and pork, according to the report.

However, there has also been a drop in all meats in set.

Total consumption of beef, poultry and pork in Argentina could be located in the year 2024 around 105.7 kg per inhabitant, which means that each inhabitant would consume in 2024 seven kilos less of meat compared to the average of the last ten years, which is 112.8 kg“the report said.

In the case of beef, the decrease in consumption in Argentina It is a trend that has been observed for more than a decade, although never with numbers as eloquent as at present.

This has also had an impact on the exports.

“69% of beef production between January and May of this year was destined for Internal marketcompared to 75% last year and far from the 85% average so far this century,” reported the report.

On the other hand, the exported volume has increased, although the impact on revenue was not as lucrative due to the fall in international prices.

Ace“between January and May (2024) the export of bone-in beef reached 385,000 tons, 10% more than in 2023. However, measured in value, exports only grew by 1%, as average export prices fell by 8% compared to the first five months of last year.“, the Stock Exchange detailed.

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