Trade4go Summary
The Rosario Stock Exchange report reveals a significant decline in beef consumption per inhabitant in Argentina, reaching its lowest level in 110 years at just over 44kg per year, far below the historical average of 72.9kg. This decrease in meat consumption is part of a larger trend, with total meat consumption, including beef, poultry, and pork, projected to drop by 9% in 2024 to 105.7kg per person. This shift is primarily due to a reduction in beef consumption, which has been displaced by cheaper options, while poultry consumption has increased. The rising cost of living in Argentina, highlighted by a 291% increase in one year, along with irregular salary increases that do not keep pace with inflation, is further exacerbating the problem. This economic imbalance is leading to increased poverty and indigence, with many children unable to afford basic food items.
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Original content
The latest report from the Rosario Stock Exchange indicates that the annual projection of beef consumption per inhabitant declined to its lowest level in the last 110 years: the average RL barely exceeds 44kg, while the historical average is 72. 9kg. Unlike imports, which achieved the second best annual record since 1990, domestic consumption continues to decline worryingly. Beef production is also down, 8% below the first half of 2023. The report highlights that the total consumption of beef, poultry and pork in Argentina could be around 105.7 kg in 2024. Per inhabitant. If so, it would represent a 9% drop compared to the previous year, and would be the lowest consumption since 2011. Each inhabitant would consume seven kilos less of meat in 2024 compared to the average of the last ten years, which is 112 .8 kg. Currently, Argentines consume 42% beef, 42% poultry and 16% pork in their diet. Cow consumption decreased over time, displaced by other cheaper options. The proportion of ...