Brazil: Beef consumer price dropped by 7.8% in the last 6 months
Frozen Bone-In Beef
Meat
Brazil
Published Mar 11, 2023
Tridge summary
The survey carried out by the Institute of Agricultural Economics in a large number of supermarkets, butchers and street markets in the city of São Paulo during February points out that the price of a kg of beef available to consumers continues to show a decline. In the month, the price reached R$40.01, meaning drops of 2.4% over last January and 2.8% over February of last year. The average price reached in the first two months reached R$40.50, meaning increases of 0.9% over the same period last year, while in the last 12 months – March 2022 to February 2023 – it still points to an increase of 7%. Monitoring the average price for consumers over the last 3 years points to an almost uninterrupted evolution until August of last year, impacted by exports to China, which contributed to keep the domestic price warm. However, since then, the price has been retracting, falling by 7.8% in the last 6 months. With this, little by little, beef begins to regain greater prominence at the table of consumers to the detriment of other alternative proteins of lower acquisition value.
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