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Argentine Beef Prices Surge 12% as Domestic Consumption Hits Historic Lows

Despite record exports and a modest early-year consumption rebound, economic pressures and supply constraints reshape Argentina’s meat market.

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Overview

  • Beef prices in Argentina rose by up to 12% in April 2025, driven by tight supply at the Mercado Agroganadero de Cañuelas.
  • Per-capita beef consumption remains at its lowest level in over two decades, despite a 13.1% rebound in January–February 2025 compared to the same period last year.
  • Exports of Argentine beef reached a record 528.1 thousand tonnes in 2024, fueled by strong international demand, particularly from China.
  • For the first time in 28 years, chicken consumption surpassed beef, reflecting a shift to more affordable protein options amid inflation and reduced purchasing power.
  • Industry leaders project further price increases in 2025 to address a 60-point inflation lag, with full price recomposition still anticipated.