BUENOS AIRES - Times are hard in recession-hit Argentina and the peso currency’s latest crash has jolted food prices higher.
The latest economic setback occurred earlier this month when a landslide victory for the populist opposition in an Aug. 11 primary vote sparked a run on the peso and hobbled business-friendly President Mauricio Macri’s campaign to win a second term in October’s presidential election. “Argentines can stop buying clothes and other items but they won’t stop buying meat, even while they complain about prices,” said Orlando Mamani, working a meat counter in a grocery store in the Buenos Aires neighborhood of Belgrano.“Prices are up 15% to 20% since the primary. The election result was really a surprise,” said Julio Basmagian, 70, as he left a butcher’s store with purchases under his arms.
But as a retiree living on a fixed income, Basmagian said he may have to cut back if prices keep rising. “I just don’t have the budget,” he said. Macri’s poor performance caused an 18% slide in the peso, raising default fears by making it harder for Argentina to honor its dollar-denominated debts. It has revived memories of Argentina’s 2001-2002 default and economic crisis, which tossed millions of middle-class Argentines into poverty.“It is not that meat is very expensive.
“The demand is always there. But supply goes down when ranchers get nervous about the peso and wait to see what’s going to happen before selling,” said Narciso, his white apron splattered with blood at a butcher shop called Nucho in the middle-class Buenos Aires neighborhood of Caballito.
TV Great ! Macri on his way out . Finally !!!
TV Breaking: News organization keeping retweeting the same story in hopes that people will read it.
TV I’m awaiting the outrage tweets on this hot take
TV Go vegan
TV When steak is life...
TV Vegans are probably shaking their head in sheer confusion.
TV Habits
TV Steak- crazy? Is this journalism?
TV HOW DARE PEOPLE BUY FOOD THEY LIKE THE TASTE OF
TV When will South America ever learn.
TV What's the point of living otherwise?
TV
TV Bad for climate
TV We're eating ourselves & the planet to death.
As more meat substitutes are introduced in the U.S., it's interesting that Argentina, a country that consumes so much meat, would be expected to show a high incidence of heart disease. Can reporters share their❤️stats?
pre-tenderized in the ammonia of their own waste
DISGUSTING
Instead of costing 10,000 pesos one steak now cost 10,000 pesos plus your first born.
YES!
You need to treat the beef with a little more respect. I aint buying that sh!T...
Mmmmm beeeeff
Hard currency of Argentina！
These sideline psychos can't see animals as living beings, only as food. 😡
They stock piling Red meat...8lbs A day...for the army Dugh...!
Which comes first - the macho or the bloodlust?
Actually Argentines are even more pizza-crazed.
It’s what’s for dinner
and no matter they required flesh
A Brazilian congressional committee on Tuesday approved a proposed constitutional amendment to ALLOW commercial agriculture on indigenous reserves, a practice that is currently prohibited
They look like a bunch of vultures.
A good place to do Cancer research, see if eating too much meat is really related to Colon Cancer, as research now seems to imply
This photo should be enough for all of us to stop eating beef.
Beef...it's what's for dinner
People gotta eat.
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