Good news today for Australian consumers who eat meat: retail beef prices have started to drop.
Reports say beef sold by supermarket giants Coles and Woolworths is up to 22% percent cheaper, with consumers paying $1-$4/kg less.
Coles’ porterhouse steak is now $30/kg, down from $34/kg, scotch fillet steak is $33/kg, down from $37/kg, and three-star beef mince, which jumped from $5/kg to $9/kg last year, is now $7/kg.
Woolworths’ MSA beef rump steak has dropped from $23.99/kg to $20/kg and premium mince beef has dropped from $13.99/kg to $13/kg.
Butchers have yet to drop their prices.
Source: The Weekly Times