Colombia: This is how beef prices will rise

Published 2022년 5월 6일

Tridge summary

Analysts have warned of upcoming increases in beef prices in Colombia and several other countries, including Argentina, the US, France, Mexico, and the UK. The rise in beef prices is expected to impact the cost of other proteins such as meat and chicken, leading to an overall increase in the family shopping basket. In Argentina, beef prices have risen by around 60% in a year, partly due to an increase in the number of cattle. In the US, National Beef Co. has announced that beef prices are set to rise further. France has seen a 5.23% increase in protein costs in April, with the price of meat expected to rise by up to 10%. Mexico is controlling the price of beef to make it more affordable. In the UK, the low cost of chicken has made it the favorite protein, but one of the country's largest food retailers has warned that it could become as expensive as beef due to rising production costs.

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

Original content

Analysts have warned that in our country the prices of beef will continue to make some products more expensive, such as meat and chicken, but this will not only happen in Colombia. In countries like Argentina, the United States, France, Mexico or the United Kingdom, these proteins will also increase their cost. According to various analysts, the family shopping basket in our country could continue to increase, and the products that would have the greatest increase would be corn, beef, chicken, soybeans, among others. (Read: The price of meat continues to generate debate and misinformation) But, as we have explained on previous occasions, this is not an exclusive phenomenon in Colombia, rather price inflation is occurring in other countries. Here we will see examples from Argentina, the United States, France, Mexico or the United Kingdom. Although the government of Alberto Fernández set the prices of seven cuts of meat, the prices on the shelves of supermarkets and butchers do not ...

Source: MXContexto