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Argentina Seeks to Expand Beef Price Caps as Consumption Sinks

03 February 2020

ARGENTINA - Argentina’s Production Ministry is looking to add more cuts of beef to a price-control system in a bid to make red meat more affordable amid rampant inflation, according to a ministerial official.

Government and industry representatives are in talks over possible additions to the Precios Cuidados price-controls scheme, the official said, adding that no decisions have been made.

Under current controls, prices are capped for four types of cuts at supermarkets, allowing butchers to compensate by charging more for other cuts, which in turn allows ranchers to receive full market prices. An expansion of the programme could disrupt that.

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Source: Buenos Aires Times

TheCattleSite News Desk


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