Argentine officials try to prop up beef binge with price caps
Dwindling purchasing power, changing food trends are to blame.
Argentines, who have long been among the world’s most voracious meat eaters, can no longer afford to binge on their own beef.
Red-meat consumption in the country has fallen to the lowest in a century. Blame rampant local inflation, the insatiable hunger for beef in other parts of the world that’s adding to price gains at home and — to a lesser extent — a reluctant movement toward healthier and cheaper proteins. It’s a kick in the teeth for a country that traditionally has vied with neighboring Uruguay for the title of world’s biggest carnivore on a per capita basis.