In 2024, beef consumption in Argentina will reach a record low

Published 2024년 7월 12일

Tridge summary

Argentina is facing economic challenges, leading to a decrease in beef consumption per capita, expected to drop to 44.8 kg in 2024, a historical low since 1914. This situation is pushing consumers towards more affordable alternatives like chicken and pork. The Libertarian President Javier Millais is implementing austerity measures, including lifting a beef price freeze, which is further increasing the cost of beef. This shift in consumption habits is affecting farmers, who are now faced with the challenge of adapting to the new market conditions. The decline in beef consumption is part of a larger trend that includes shifting preferences and necessities, requiring adjustments across the food industry.

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

Original content

According to a report by the Rosario Stock Exchange, in 2024, every Argentinian is expected to consume approximately 44.8 kg of beef, the lowest figure since 1914. This is a consequence of the serious economic difficulties the country is facing. Libertarian President Javier Millais is taking tough austerity measures to stabilize the situation, including lifting a beef price freeze imposed by the previous government. The decline in beef consumption is prompting Argentines to turn their attention to more affordable alternatives such as chicken and pork. According to forecasts, the price of 1 kg of beef in 2024 will be equivalent to the price of 2 kg of alternative meat. This change in consumer behavior is related not only to economic factors, but also to changing preferences and taste preferences of the population. Despite the decrease in meat consumption, farmers face challenges in adapting to new market conditions. In the face of reduced demand in the domestic market, they are ...

Source: MilkUA