The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Argentinian export ban leads to huge rises in beef prices

31 March 2006

The cost of imported beef has rocketed by as much as 30-35% following bans on exports from Argentina and a foot-and-mouth scare in Brazil.

Peter Allen, of Aubrey Allen catering butchers, said an 8oz piece of sirloin from South America, which until recently cost £2.60 is now fetching as much as £3.50.

The situation is so bad that suppliers believe fixed-price procurement contracts with large catering firms, hotels or restaurants will have to be broken.

"Suppliers will do their hardest not to upset the most prestigious clients, but it will certainly impact upon those lower down the pecking order," said Ian Gauld, director at purchasing consortium Tricon IPA. "Those without a contract had better start looking for alternatives."

The pressure on supplies is set to raise meat prices across the board, compounded by a slump in demand for poultry across the Continent in the wake of the avian flu scare.

By Dan Bignold

Get your copy of Caterer and Hotelkeeper every week -

Sudoku Join the craze and play Sudoku online!
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking