1. Argentina's meat outlook is forecast to pick up over the medium term on the back of an improving economic outlook, which will feed into greater household spending and by extension enable consumers to purchase more meat, typically priced at a higher price point. 2. Inflationary pressures will continue to weigh on households throughout our forecast period (2021-2025), which will lead to Argentina being an underperformer with regards to meat spending compared to some of its peers the region. 3. Whilst the Argentinean government is implementing price controls to boost beef consumption, we do not expect consumption to recover to pre-crisis levels by the end of our forecast period.
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