Colombian meat prices rise nearly 100 percent over six years

The average price of fattened cattle per kilo reached 9,348 pesos in April 2026, nearly double the 4,698 pesos recorded in April 2020.

According to updated data from Fedegán, the price of cattle rose 8.4 percent from April 2025, when it stood at 8,622 pesos. The six-year cumulative increase reflects the impact of several factors.

During and after the pandemic, costs of key inputs such as concentrates, fertilizers, veterinary medicines and transport increased. These became more expensive due to the global logistics crisis and the war between Russia and Ukraine that began in 2021.

Between 2021 and 2023 Colombia faced one of its highest inflation periods in decades, raising labor, energy and logistics costs throughout the meat chain. The recent minimum wage increase also influenced final prices.

The national government expects that a possible suspension of exports will reduce the meat price by 10 points. The cattle sector warns that the measure would put a nearly 350-million-dollar market at risk.

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Illustration showing Colombia's February 2026 inflation at 5.29%, with easing trend chart, food and education price symbols, and Central Bank target.
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Colombia's inflation eases to 5.29% in February 2026

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The National Administrative Department of Statistics (Dane) reported that Colombia's annual inflation for February 2026 was 5.29%, a slight slowdown from January's 5.35%. The monthly Consumer Price Index (CPI) variation stood at 1.08%, driven by rises in education and food. This figure remains above the Central Bank's target range of 3%.

The average price per kilo of beef reached $31,819 in the last week of April, up 5.4% since January, according to Dane data. This rise occurs amid a debate on exports and price controls pushed by the Government. Year-over-year, the increase is 15.6%.

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The Ministry of Agriculture and Rural Development identified rises in beef prices in 2026, due to a 14.59% increase in live cattle prices. The government is dialoguing with supply chain actors to implement measures protecting domestic supply and household economies.

The Colombian government raised the minimum wage by 23% for 2026, exceeding technical parameters of inflation and productivity. Defended as a 'vital wage', the measure has triggered an inflation spike in January and an estimated additional fiscal cost of $3.8 trillion. Experts warn of effects on employment and public finances.

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Tomato prices have surpassed 60 pesos per kilo in some Mexican self-service stores, despite PACIC commitments to keep them between 26 and 40 pesos. ANTAD president Diego Cossío Barto attributes the rise to weather factors and logistics costs. The situation highlights vulnerabilities in production, especially in Sinaloa.

China's live pig prices have plunged to their lowest in nearly eight years, averaging 11.05 yuan (US$1.60) per kilogram during the third week of March, due to a supply glut from huge industrial farms and a post-holiday drop in consumption. Data from China's Ministry of Agriculture and Rural Affairs shows a 2.9 per cent weekly decline and 28 per cent year-on-year fall. Pork prices also fell to 22 yuan per kilogram last week.

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Dane reported that Colombia's annual inflation for March 2026 reached 5.56%, up from 5.29% in February. This is the highest rate since September 2024 at 5.81%. Year-to-date inflation for the first quarter stood at 3.07%.

 

 

 

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