Brazil: Beef consumer price dropped by 7.8% in the last 6 months

Published 2023년 3월 10일

Tridge summary

A recent survey by the Institute of Agricultural Economics in São Paulo indicates a decrease in the price of beef, with a kg now costing R$40.01, a 2.4% drop from January and a 2.8% decrease from February of the previous year. Despite this, the price has seen a 7% increase over the past 12 months and a 0.9% increase in the first two months of this year compared to the same period last year. The price has been fluctuating over the last three years, with a notable increase due to exports to China, but has been declining by 7.8% in the last six months. This decrease in beef price is making it more affordable and popular again among consumers compared to alternative proteins.

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

Original content

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 ...

Source: Portal Do Agronegocio