Meat-loving Argentines shun beef as inflation bites

[lark]

Depends how nice the restaurant is. Can range from 40,000 to 100,000 pesos per bottle at nice places. Even Michelin places in BA have nice selections for about 50,000 to 75,000 pesos per bottle.

Correct. I paid 56,000 pesos the other night for a nice bottle of from the Zuccardi Vineyards.

 

[GlasgowJohn]

Besides the higher end restaurants you can still get good value. This was at La Dorita in Palermo Chico. I went with my girlfriend who wasn't too hungry and her cousin who didn't eat much so it was mostly me eating a Rib Eye. You can see it was 39,500 pesos which was only about $30. Quality was just ok. This is a very reasonable priced place.

La Dorita Botánico · Bulnes 2593, C1425DKS Cdad. Autónoma de Buenos Aires, Argentinien

★★★★☆ · Grillrestaurant

maps.app.goo.gl

View attachment 10185

We are big fans of La Dorita and also Pescadorita.

Decent food at decent prices.

 

[Blockchain]

We are big fans of La Dorita and also Pescadorita.

Decent food at decent prices.

I rented an Airbnb right near Pescadorita in Palermo Hollywood. Every time I walk by that place it smells super fishy. I was NOT impressed by seafood in Buenos Aires at all.

 

[JonJLA]

Besides the higher end restaurants you can still get good value. This was at La Dorita in Palermo Chico. I went with my girlfriend who wasn't too hungry and her cousin who didn't eat much so it was mostly me eating a Rib Eye. You can see it was 39,500 pesos which was only about $30. Quality was just ok. This is a very reasonable priced place.

La Dorita Botánico · Bulnes 2593, C1425DKS Cdad. Autónoma de Buenos Aires, Argentinien

★★★★☆ · Grillrestaurant

maps.app.goo.gl

View attachment 10185

Wow that isn't bad at all especially with the higher exchange rate. Last year the exchange rate went as low as 1,000 pesos to $1. Much better at 1500.

 

[IrishLad]

We are big fans of La Dorita and also Pescadorita.

Decent food at decent prices.

Yes food is reasonable at these restaurants. I don't think the quality is as high here however. But still a good neighborhood restaurant.

 

[memories]

Sad to see many are having to cut back on beef purchases. Several I know have mentioned that to me.

Meat-loving Argentines shun beef as inflation bites

As New Year's festivities draw near, meat-loving Argentines are readying their famous "asado" grills -- traditionally laden with steaks, ribs and sausages.

www.france24.com

Argentines still eat more beef per capita probably vs. anyone in the world.

Beef prices all over the world have gone up. I'm not sure how Argentines deal with wicked inflation. Americans would sh*t a brick of we had that kind of inflation.

I just looked up beef prices in the USA. The average price of ground beef in the USA is now up to a record $6.67 per pound. Prices have surged +72% since January 2020, when they stood at ~$3.88 per pound.

Over the same period, chicken breast prices have risen +36%. Furthermore, coffee prices have surged +52% since January 2020. All while the "other food" category, which includes sugar, sweets, fats, oils, snacks, and prepared meals, has soared +31% over the same period.

Food inflation remains far too high but I almost laugh thinking about how Americans would complain about having 31% inflation in one year let alone 5 year periods!

 

[Wally]

Argentines still eat more beef per capita probably vs. anyone in the world.

Beef prices all over the world have gone up. I'm not sure how Argentines deal with wicked inflation. Americans would sh*t a brick of we had that kind of inflation.

I just looked up beef prices in the USA. The average price of ground beef in the USA is now up to a record $6.67 per pound. Prices have surged +72% since January 2020, when they stood at ~$3.88 per pound.

Over the same period, chicken breast prices have risen +36%. Furthermore, coffee prices have surged +52% since January 2020. All while the "other food" category, which includes sugar, sweets, fats, oils, snacks, and prepared meals, has soared +31% over the same period.

Food inflation remains far too high but I almost laugh thinking about how Americans would complain about having 31% inflation in one year let alone 5 year periods!


View attachment 10224

Americans are wimps. If they had inflation like Argentina there would be riots in the streets.

 

[Todd]

Don Julio you can get in now with no reservation. That was unheard of just a few years ago. I don't think it is worth it today. Just full of tourists.

They still have a good steak. I am enjoying going now with no reservation. I selfishly hope that we will see very cheap steaks in the future again. I saw this online and thought of Don Julio. 🤣

 

[Cardiac Arrest]

Beef prices alone went up 13% in December.

 

[lemonade]

What does a steak restaurant meal cost these days in BA, say for two people with bottle of wine? I keep hearing how much prices have gone up there since my visit last year.

About $50 bucks for nothing special steak. People always get surprised figuring steaks here would be cheaper. Most have this guy from the Dominican Republic reaction. Some food cheap but steaks expensive.

 

[Jeep]

Beef prices alone went up 13% in December.

You can really see the cut back on beef consumption.


Frigorífico Pico, creator of the Paty brand: went from slaughtering 600 to 50 cattle per day, $30 billion pesos in debt, and 450 workers laid off. They have a collapse of more than 90% of activity.

Not sure how a beef producing plant in Argentina racks up this kind of debt!

Paty’s situation is another concrete sign of how brutal the current adjustment is on production and consumption, no matter how the official narrative tries to dress it up.

Purchasing power is collapsing. This doesn't typically go over well in Argentina when this happens.

​

 

[MikeYoung]

You can really see the cut back on beef consumption.


Frigorífico Pico, creator of the Paty brand: went from slaughtering 600 to 50 cattle per day, $30 billion pesos in debt, and 450 workers laid off. They have a collapse of more than 90% of activity.

Not sure how a beef producing plant in Argentina racks up this kind of debt!

Paty’s situation is another concrete sign of how brutal the current adjustment is on production and consumption, no matter how the official narrative tries to dress it up.

Purchasing power is collapsing. This doesn't typically go over well in Argentina when this happens.

​

That is shocking how much consumption is down on stuff like beef.