Argentina’s beef consumption falls to lowest level in 20 years as prices soar

Key Points:

• Argentina's per capita beef consumption has dropped to its lowest in 20 years, falling to 44.5 kg annually as of April 2026, driven by soaring beef prices, reduced cattle supply, and weaker household purchasing power amid economic austerity measures.
• President Javier Milei's administration, aiming to curb 211% inflation, implemented significant spending cuts, ministry eliminations, and subsidy reductions, which increased costs for basic services and reduced disposable income for many families.
• Beef prices surged over 60% in the past year, reaching about 18,500 pesos per kilogram, while wages lagged behind inflation, forcing consumers to switch to cheaper proteins like chicken and pork.
• The government eased export restrictions on beef and poultry in mid-2025, leading to a 54% increase in beef exports in early 2026, but domestic supply declined due to adverse weather, further pushing prices upward.
• Butchers and shop owners are adapting to changing consumer preferences by increasing sales of more affordable meats like chicken and pork to meet demand amid rising beef costs.