Coninagro Report: Pork, milk and rice have higher prices in Argentina

Published 2024년 12월 20일

Tridge summary

A study by Coninagro has found that while some products are cheaper in Argentina than Brazil, eight essential foodstuffs, including rice, milk, and pork, are more expensive in Argentina despite lower producer income and higher production costs. The higher consumer prices in Argentina are due to taxes, with Argentina's VAT on milk reaching 21%, compared to Brazil's ICMS at 12%. Fluctuations in exchange rates and marketing costs further impact the competitiveness of the Argentine food sector. Despite these challenges, Argentine producers manage to remain competitive, albeit with limited maneuverability.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A recent analysis by the Intercooperative Agricultural Confederation (Coninagro) highlighted significant differences in prices for essential foodstuffs between Argentina and Brazil. The comparative study, which opened 18 products offered in online supermarkets in both countries, yielded surprising results: while ten products are cheaper in Argentina, another eight—including rice, milk and pork—have higher prices in the Argentine market. One of the most striking points of the report is that, despite higher consumer prices in Argentina, local producers receive less income compared to their Brazilian counterparts in two of these key products: rice and milk. In the case of pork, income is practically equal, but production costs in Argentina are considerably higher. For example, rice, a staple food in both countries, costs 1.94 USD per kilo in Argentina, 58% more than in Brazil, where the price is 1.23 USD. However, Argentine producers earn almost the same as Brazilians, with a ...

Source: Infopork