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The price of meat increased and there may be more increases in the short term

2023-01-31T00:10:52.420Z


There were increases of the property of 30% last week and they have already moved to the gondolas. The supply shortage is expected to continue.


Last week the price of meat rose after the rise that occurred in the farm and

puts pressure on the inflation rate for January

, which according to the consultants, will be around 6%

.

 And from the livestock sector they anticipate that it can continue to rise in the short term due to the lack of supply.

"There was very strong pressure from all sides for price recovery. And as always happens, meat goes up by steps," said analyst Víctor Tonelli.

"

It adjusted more than I expected

. We will see what happens in the next two weeks in the market and what return it gives. But, without a doubt, it is a recovery and

it is still lagging behind the inflation of 2022

, "he added. 


In recent days, in the Cañuelas Farm Market (main concentrator market)

there were jumps of up to 30% 

in the price of some categories of animals that are destined for domestic consumption.

For example, the values ​​of steers rose from $346 to $430 on average per kilo from Friday the 20th to Friday the 27th of the current month (last day of business in the Cañuelas market) while the values ​​of steers rose from $338 to $407 pesos.

This increase that occurred in recent days in the ranch was something that had been expected in the livestock sector, since the values ​​were behind inflation.

For reference, in March 2022 the price of the farm was 360 pesos and in December 2022, it was around 300 pesos, its value falling sharply.

"Only in the second week did the prices of March of last year recover," commented renowned consignee Carli Colombo.

Thus, given this delay in the price of the farm, the values ​​of cuts of meat in butcher shops and gondolas were lower than general inflation.

According to the Argentine Beef Promotion Institute (IPCVA),

in 2022 the average price of beef increased by 42%

 while inflation in the same period was 94%.

What increased the most last year, continuing with the same report, were frozen hamburgers, which rose to 124%.

But the cuts most consumed by Argentines, such as roast, empty or square, had increases from 40% to 48% in the year.

increases

Hernán Méndez, who manages Proveeduría Piaf, a butcher shop that is located in the Buenos Aires neighborhood of Palermo, highlighted the prices of meat last week after the rise in the farm that he normally buys.

He paid 850 pesos per kilo of half beef against the 700 pesos he had paid 15 days before.

He pointed out that he updated the "popular cuts" by 10% while the higher quality ones had already been uploaded prior to the Christmas and New Year holidays.

"The price of meat is formed day by day. It

is a matter of supply and demand

," he said.

"There is demand for meat and if the supply continues to be low, as it is, it will surely rise again," she said.

In this line, the butcher Sergio Pedace added: "We have to see if this price of 450 and 500 pesos for the main categories is consolidated. If there is a lack of finances due to the drought, it can take another leap," he said.

Colombo also said that the lack of supply of property will continue for two or three more months. 

In addition, it is added that China -the main market for Argentina- returned to demand a greater amount of meat after the restrictions caused by Covid-19- And the rest of the international market is reacting.

Hilton quota prices have risen 15 percent in the past month

and are projected to reach $11,000-$12,000 a ton.

look too

Agriculture exported USD 55,216.3 million in 2022 although shipments fell by 6.1%

Faced with the recomposition of prices, meat producers warn that they are not responsible for the increases on the counter

Source: clarin

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