Argentines' Beef Consumption Seen at Record Low in 2024

Leonardo Gomez, Buenos Aires, June 10, 2024. REUTERS/Agustin Marcarian Purchase Licensing Rights
Leonardo Gomez, Buenos Aires, June 10, 2024. REUTERS/Agustin Marcarian Purchase Licensing Rights
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Argentines' Beef Consumption Seen at Record Low in 2024

Leonardo Gomez, Buenos Aires, June 10, 2024. REUTERS/Agustin Marcarian Purchase Licensing Rights
Leonardo Gomez, Buenos Aires, June 10, 2024. REUTERS/Agustin Marcarian Purchase Licensing Rights

Beef-loving Argentines are cutting back on their steaks as the country's economy slumps, meaning cattle consumption will likely hit a record low this year, a market report published on Friday showed.

Argentina's beef consumption in 2024 is expected to total around 44.8 kg (98.77 lb), the lowest since record-keeping began in 1914, said the Rosario exchange, which publishes market updates for grains and livestock. The historic average is nearly 73 kg.

According to Reuters, Argentina, famed for its beef-eating culture, is dotted with steakhouses, cattle ranches and asado barbecues.

Longer-term trends show the population is increasingly turning to cheaper alternatives such as chicken and pork. In 2024, nearly 2 kg of alternative meats can be purchased for the price of 1 kg of beef, the report showed.

However, this year, all meat consumption is set to drop 9% from last year to the lowest since 2011, the exchange said.

As consumption at home drops, farmers are increasingly shipping their beef abroad, a separate report from the exchange published on Friday showed. Export volumes from January to May of this year are up 10% from the year-ago period.

Despite eating less beef, Argentines consume much more than Americans who chow down an average of 38 kg a year, Australians' 27 kg, and Chileans' 26 kg, the exchange added.



Riyadh Hosts International Chemistry Olympiad 2024

Riyadh hosts the 56th edition of the International Chemistry Olympiad 2024 (IChO 2024) from July 21 to 30. (SPA)
Riyadh hosts the 56th edition of the International Chemistry Olympiad 2024 (IChO 2024) from July 21 to 30. (SPA)
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Riyadh Hosts International Chemistry Olympiad 2024

Riyadh hosts the 56th edition of the International Chemistry Olympiad 2024 (IChO 2024) from July 21 to 30. (SPA)
Riyadh hosts the 56th edition of the International Chemistry Olympiad 2024 (IChO 2024) from July 21 to 30. (SPA)

Riyadh hosts the 56th edition of the International Chemistry Olympiad 2024 (IChO 2024) from July 21 to 30, the Saudi Press Agency said on Sunday.
The event is organized by the King Abdulaziz and his Companions Foundation for Giftedness and Creativity "Mawhiba”, in strategic partnership with the Ministry of Education and King Saud University (KSU), which will host the competition.
The IChO 2024, exclusively sponsored by Saudi Basic Industries Corporation (SABIC), will feature 333 students from 90 countries, with oversight, evaluation, and judging by 260 chemistry experts.
Students will compete for 10 honorary certificates, 110 bronze medals, 70 silver medals, and 35 gold medals. The final results will be announced on July 28 at 11 PM.
This annual scientific competition is the largest international chemistry contest for general education students.
Since its establishment in Prague, Czechoslovakia, in 1968, the competition has been held annually over ten days, with a different host country each year.
The Kingdom of Saudi Arabia participated as an observer in 2004 and 2005, then with students in 2006 and 2007. The Kingdom returned to participate as an observer in 2008, 2009, and 2010, and has since participated with students from 2011 up to present.
The Kingdom’s hosting of the IChO 2024 reflects the excellence of Saudi students on the international stage and enhances the Kingdom's status as a leading global destination in various scientific fields.