In Argentina, beef consumption grew by 3.4% year-on-year in November, despite prices continuing to rise, according to information from the Chamber of the Meat Industry and Commerce of the Argentine Republic (CICCRA). The data reflects that the current per capita consumption of beef in Argentina reaches 48.3 kilograms per year, which implies a year-on-year improvement of 2.3%, taking the average from January to November compared to last year, as reported by the Argentine News Agency. The report highlighted that the rebound means consumption in the country increased by 1.1 kg per person per year, equivalent to 2.101 million tons of bone-in beef (r/h/h). At the same time, the price of beef experienced a strong acceleration in November, rising by 6.6% monthly, “due to the modification of the relative price of beef cuts.” In the tenth month of the year, the increase had been more moderate (2.6%). Among beef cuts, the asado (barbecue cut) experienced the largest price increase (13% monthly), reaching an average value of $13,304.75 per kilo. The total exported is 779.6 thousand tons r/h/h of beef in eleven months, which CICCRA attributed to “the decrease in Chinese purchases during the first half of the year.” As for the result of the penultimate month of the year, the entity explained that “just like a year ago, the seasonal drop in shipments to Israel (-71.6%; -4,519 tn pp) was enough to explain the contraction of total exports compared to the previous month.” In turn, in the year-on-year comparison, it was specified that total exports contracted by 2.4% (-1,362 tn pp), due to lower sales to China, Israel, Mexico, Canada, Chile, and Italy, which more than compensated for the higher shipments to the Netherlands and the United States. Meanwhile, compared to November 2024, production experienced a setback of 6.7%. On the demand side, exports of beef experienced a year-on-year decline of 10% in the period analyzed. Meanwhile, sales to Germany, Brazil, and Spain remained at levels similar to those previously recorded.
