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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More on this topic

Panama: Dip in Beef Consumption

August 2018

The farmers' association reports that the annual per capita consumption of boneless beef has fallen from 13.6 kilos to 13.3 kilos.

The National Association of Cattle Ranchers (Anagan) states that the reduction, although slight, is due to a fall in local production and an increase in imports, which may have generated an imbalance in the local market. 

Panama: Distortion in Meat Prices

July 2015

Price controls placed on some cuts of meat have altered the prices of other cuts not included in the measure, distorting the entire supply chain, from producer to consumer.

The intention to control the prices of some food products does not seem to show results in the meat sector, as final prices and production costs have been altered for several reasons, including the decision by producers to reduce their shipments of regulated cuts to supermarkets and increase exports to other markets, so as to not reduce their profits.

Competitors in Supply of Meat to Guatemala

April 2013

In light of an announcement by the Guatemalan government that they are looking for more beef suppliers, Colombia is making preparations.

From an article by the Costa Rican Trade Promotion Office (PROCOMER):

The Ministry of Agriculture, Livestock and Food in Guatemala (MAGA) reported that it will be evaluating new suppliers in light of a possible meat shortage caused by an increase in prices in the country.

Guatemala Plans to Import Meat

June 2012

The government is calling on interested parties to import beef from Nicaragua, Costa Rica and Honduras, in order to ensure the local supply and lower current prices.

From Diario de Centroamérica:

Government officials are meeting this afternoon with representatives of suppliers, who have expressed interest in importing beef. Also present at the meeting will be farmers and retailers of this product.

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