Argentina’s beef consumption will reach a record low in 2024

Argentina is experiencing a significant decline in beef consumption, with each person expected to consume approximately 44.8 kilograms of beef in 2024, the lowest since 1914. This decrease is attributed to economic challenges such as an economic downturn and inflation, leading the population to seek more affordable alternatives like chicken and pork. The Libertarian President Javier Mealey's austerity measures, including the end of the beef price freeze, have further impacted the beef market. As a result, farmers are facing the need to adapt to these changing market conditions and consumer preferences.

In 2024, beef consumption in Argentina will reach historically low levels, marking a new era in the country’s food culture. Argentines, accustomed to an abundance of steaks and barbecued asados, are facing challenges from the economic downturn, inflation and other factors leading to a decline in cattle meat consumption. According to a report from the Rosario exchange, each person in Argentina is expected to consume approximately 44.8 kilograms of beef in 2024, the lowest since 1914. This is a consequence of the severe economic difficulties faced by the country. Libertarian President Javier Mealey is implementing harsh austerity measures to stabilize the situation, including the lifting of the beef price freeze imposed by the previous government. The decline in beef consumption is encouraging Argentines to turn their attention to more affordable alternatives such as chicken and pork. The price of 1 kg of beef in 2024 is projected to be equivalent to the price of 2 kg of alternative ...