Mar 2 β€’ 11:57 UTC πŸ‡¦πŸ‡· Argentina Clarin (ES)

Francisco Paoltroni: "Eating beef in the world is a luxury and Argentina is heading towards that normalcy"

Senator Francisco Paoltroni claims that the current price of beef in Argentina reflects a normalization process after decades of distortions in the market.

In a recent interview, Argentine senator and agricultural producer Francisco Paoltroni discussed the rising prices of beef in Argentina, attributing them to a long-awaited normalization after decades of market distortions. He stated that for over eighty years, beef was the cheapest in the world within the country, which has adversely affected the development of the cattle ranching sector. Paoltroni emphasized that this historic pricing model is now shifting, leading to the current higher beef prices in the country.

Paoltroni, who was expelled from the La Libertad Avanza party bloc in 2024, criticized the government’s past export restrictions, currency overlaps, and tax burdens that have negatively impacted the beef sector. He cited significant losses during the Kirchner administrations, claiming around 10 million heads of cattle were lost, while competitors like Brazil saw their cattle stocks triple. He pointed out that Argentina currently has fewer cows than it did in 1960, further highlighting the challenges facing the local beef industry.

The senator also remarked on the global perspective of beef consumption, stating that worldwide, meat consumption trends show beef is not the primary choice among consumers, with fish and chicken leading in popularity. As Argentina adapts to this new reality of higher beef prices, Paoltroni's statements underscore the significant shifts the country's cattle sector must navigate in a world where beef is increasingly seen as a luxury product.

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