BUENOS AIRES, June 22 — Argentines, famed for steakhouses, sprawling cattle ranches and asado barbecues, are consuming less beef than ever, forced to tighten their belts by triple-digit inflation and a recession.
“Argentines can eliminate anything, I believe, in difficult times like this. But we can’t do without meat,” she said.Butcher Pablo Alberto Monzon selects a piece of meat at his shop, in General Pacheco, on the outskirts of Buenos Aires May 19, 2021. — Reuters pic Poverty is up, more people are homeless in major cities and lines have grown at soup kitchens. Many families have reduced consumption of staples like meat, milk and vegetables. They say they are yet to feel the benefit of slowing monthly inflation.
“Beef consumption has been dropping quite sharply recently,” he added, blaming inflation and the economic slump. “Consumers try to replace beef with cheaper foods, other types of meat or pasta.” As local consumption has slid, exports have risen, but weaker global prices have dampened the boost for farmers. By far the top buyer of Argentine beef is China, though it imports cheaper cuts not used domestically.
“People keep coming, the issue is that they consume less. There are people who turn to other products. It is a permanent search for prices,” he said.
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