Beef prices drop
Source: Beef prices drop | Daily News
HARARE – For beef lovers, the time of suffering and paying through the nose for steaks, braai packs and roasts could soon be coming to an end.
Beef prices, which have been increasing for months, recently hitting rates high enough to inspire outbreaks of steak thefts at supermarkets and even the return of cattle rustling, are finally coming down to earth.
A survey by the Daily News in butcheries and supermarkets around Harare suggest that the prices of beef products have significantly fallen, in some instances by up to 35 percent.
For instance, commercial beef, whose price reached a peak of $7 per kilogramme (kg) at the height of the festive period in December last year, has dropped by 35 percent to $4,50/kg in most Harare butcheries while brisket, T-bone and ribs are now selling at $6/kg, a 33 percent reduction from $9/kg they sold for in December.
Prime beef products such as fillet and rump are trading at $8,50, down from the astronomical December peak of $11/kg — a 22 percent decrease.
It is quite a turnaround, given that beef prices have been climbing steadily since last year.
Sector players attributed the decrease of the prices to intentions by authorities.