One of the divisions that drove the November increases was Food and non-alcoholic beverageswith increases that climbed above inflation and They stood at 15.7%. Within this category, considered the one with the “highest incidence in all regions” of the country, according to the official body, the increases in Meat and derivatives stood out again. Something that is even more evident in the statistical review, given that this product accumulated a year-on-year increase of 198.4% in Greater Buenos Aires.
Popular accessed a report from the Chamber of Industry and Commerce of Meat and Derivatives of the Argentine Republic (Ciccra), which noted that “in the last year, and after the delay that had occurred between early 2022 and mid-2023 “, the nominal price per live kilo of animals sold in the Cañuelas market “more than tripled”. The most important increases corresponded to cows (268.1%), bulls (252.4%) and steers (243.1%), the entity indicated in its latest market survey.
These increases were transferred to the gondola and the scenario could be repeated at the end of 2023. It happens that the price of live cattle in Cañuelas registered increases of up to 43% in operations carried out between Monday and Tuesday of this week. These increases were added to those observed the previous week in the Agricultural and Livestock Market. And on Wednesday, after the economic measures announced by Caputo, the increases continued in the sector. In total, they reached 60%.
Live cattle registered increases of up to 60% in recent days at the Cañuelas Agricultural Market.
How much could a kilo of meat cost?
The General Index reflected the day before yesterday, for example, an increase of 8.96%, from $1,314.105 to $1,431.916 per kilo, while the Steer Index rose 4.83%, from $1,544.481 to $1,619.037. As meat industry sources explained to Popularthat leads to the following account: $2,000 per live kilo, $4,000 the reduction in the average beef in the butcher shops and $8,000 the consumer price. As the economist analyzed Salvador Di Stefano in his social network account X, prices “cheap for the world and very expensive for the salaries of Argentines.”
The increases are noticeable when comparing the values of some shelf cuts between November and December. According to a survey by the Institute for the Promotion of Argentine Beef (IPCVA), the strip roast at the AMBA cost $3,475, while the empty kilo stood at $4,123. Currently, a roasted kilo costs between $4,000 and $10,000. And the vacuum is offered between $5,200 and $11,000.
Faced with these prices, what is the scenario in the butcher shops? “As for sales, it seems like every day is the end of the year, because people come to buy a lot every day. As it has been announced that new increases are coming, seek to anticipate. My business is full as it hasn’t been in a while,” explained Diego, manager of a store located on Avenida Lisandro de la Torres, in Mataderos.
“Customers take the traditional cuts and also matambre and peceto for the holidays. But I don’t know how this story will end, because since the runoff until now, prices have already risen 50%.”added to Popular.
After the latest increases, a kilo of meat is around 8,000 pesos on the counters.
The unknown, looking ahead, is how the measures announced by Caputo could impact the prices of this food. “In recent days there has been an increase of 60% and there could be an additional increase”considered Hernan Letcherdirector of the Center for Argentine Political Economy (CEPA), when consulted by this means.
“There is a kind of brutal combo on people’s pockets. In inflationary matters, you not only have the devaluation, but also the increase in the value of the Country Tax and the deregulations that accompany this process: the end of trusts and Fair Prices, the deregulation of fuels, the same as wheat, corn and meat. It is a very significant blow for employees,” Letcher added in a general look at the Economy Minister’s announcements.
Likewise, Miguel Schiariti, president of Ciccra, predicted that “people will find themselves in January with the reality that they have lower incomes and, therefore, will not validate price increases above normal.” “And that,” he concluded, “will lead to a drop in the consumption of all foods, including meat.”.
2023-12-15 18:37:02
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