Even in some of the world’s most carnivorous nations, people are skipping beef as price soar. Read more at straitstimes.com.
WASHINGTON – The world’s consumers have been cutting back on meat-eating since the early days of the pandemic. In 2022, the demand hit came for beef, and even asall signs point to continued pressure this year, especially in some of the world’s most carnivorous nations.
Mr Omar Anibal Sosa, a 41-year-old father of three who lives in Buenos Aires, is wistful when he remembers his last asado – more than a month back, which in Argentina feels like a lifetime ago. He can remember the menu – he reluctantly substituted once-irreplaceable short ribs and flank with low-quality cuts of skirt steak, along with chicken and pork. And he bought the beef by asking the butcher to cut him a meagre steak or two, rather than, as is traditional, placing his order by the kilo.
Faltering demand signals headwinds for the world’s major beef producers including JBS SA and Tyson Foods Inc. The companies have also battled herd-shrinking droughts, higher input costs and increasing pressure from investors to produce meat more sustainably. In the UK, beef purchases at grocers and restaurants have fallen 5.8 per cent from a year earlier, with sales of roasting joints down 22 per cent, according to data compiled by farm adviser AHDB. Steak buying dropped about 19 per cent.
In the US, Mr Michael Roberts, head of marketing at a non-profit in Oak Park, Illinois, saw his prior business as a consultant dry up during the pandemic, while his partner was diagnosed with brain cancer. As their incomes shrank and health expenses soared, Mr Roberts and his partner cut their meat eating from four times a week to two, typically replacing beef and chicken with pinto beans, lentils and rice.
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