Beef Price: Operations in Guatemala

Given the announcements made by butchers about the possible increase in the price of beef, the Diaco announces that it has begun operations to prevent speculation.

Monday, January 25, 2021

The Direccion de Atención y Asistencia al Consumidor (Diaco), an agency of the Ministry of Economy, informed that it has begun operations to verify red meat prices nationwide, warning that it will not tolerate any abuse and price speculation.

Being the Ministry of Agriculture, Livestock and Food, MAGA, the sector entity and coordinator of the Technical Meat Board, has not informed about the possible variation in the price of beef, nor the investigation by Diaco shows any indication of any increase, highlights the statement.

You may be interested in: "Beef: How Much Has the Market Grown?"

The document reviews that "... according to the history of beef price monitoring that Diaco permanently carries out, it has not registered any price variation in the last months, therefore, for the time being, no technical justifications for the beef increase are observed."

The statement dated January 25, 2021 concludes that "... there is a history of several actions that this Directorate has carried out to guarantee the protection of beef consumers, which have included legal actions against those who, through misleading information and data, have attempted to unjustifiably increase beef prices".

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