<![CDATA[Asia Beef Network - Market News]]>Thu, 22 Feb 2024 14:49:53 +1000Weebly<![CDATA[Weekly cattle and beef market update from Vietnam (February 5-9, 2024)]]>Thu, 15 Feb 2024 22:57:58 GMThttp://asiabeef.network/market-news/weekly-cattle-and-beef-market-update-from-vietnam-february-5-9-2024Vietnamese version
In week 6, the average prices of beef thigh and beef fillet decreased compared to the previous week. The price of beef thigh was 201.7 thousand VND/kg, a 2% decrease compared to week 5. The price of beef fillet was 229 thousand VND/kg, a 0.8% decrease compared to week 5.

  • In week 6, the average price of live-weight cattle was 82.3 thousand VND/kg, a decrease of 0.2% compared to the previous week.
  • According to local traders, prices of BBB cattle and Charolais cattle in the South were lower than in the North. Specifically, in week 6, the price of BBB cattle in the South was 72-76 thousand VND/kg, while the price in the North was 78-85.5 thousand VND/kg. And the price of Charolais cattle in the South was 68-70 thousand VND/kg, while the price in the North was 75-78 VND/kg.

The price of Vietnamese beef at supermarkets remained unchanged in week 6 compared to the previous week. The prices of Fohla lean beef and ground beef at Bach Hoa Xanh continue to be reduced by 10% until the end of the Lunar New Year. The lowest price of beef shank was 376 thousand VND/kg at Co.op Mart. The lowest price of beef fillet was 358 thousand VND/kg at WinMart. 

The prices of Australian beef at supermarkets remained unchanged compared to the previous week. Pacow beef at Bach Hoa Xanh is still being discounted from 10%-15%. Hokubee beef sirloin has the highest price of 789 thousand VND/kg at Homefarm supermarket. Winmart supermarket has maintained stable beef prices continuously for 3 months from the beginning of October 2023.
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<![CDATA[monthly report of vietnam's beef and cattle market (January 2024)]]>Fri, 09 Feb 2024 05:38:24 GMThttp://asiabeef.network/market-news/monthly-report-of-vietnams-beef-and-cattle-market-january-2024Vietnamese version

Vietnam's total export value of livestock products in December 2023 reached 35.4 million USD, an increase of 89% over the previous month and an increase of 101% over the same period in 2022.

In December 2023, other live animals (tortoise, dogs, cats, long-tailed monkey,...) (HS 0106); other prepared or preserved meat, meat offal or blood (HS 1602); meat of swine, fresh, chilled or frozen (HS 0203); live bovine animals (HS 0102) were Vietnam's main export livestock products with a value of 14.3 million USD, 6.2 million USD, 5.5 million USD, and 4.4 million USD, respectively. In December, the export value of most livestock products declined compared to the previous month, except for other live animals whose export value increased sharply.

Hong Kong and ASEAN are the two largest export markets for Vietnam. In 2023, the export value to Hong Kong was 71.5 million USD, while to ASEAN, it was 47.3 million USD. Although the export value to Australia increased by 41% compared to 2022, it only accounted for 0.05% of Vietnam's total livestock exports. In December, export values to the US and China saw a significant increase from the previous year.

Other live animals (HS 0106) and other prepared or preserved meat, meat offal or blood  (HS 1602) are the main export products in December 2023. Of which, the US is the main export market for other live animals, accounting for 97% of total export value. Other prepared or preserved meat, meat offal or blood are mainly exported to Japan and Hong Kong, accounting for 47.5% and 38.8%, respectively. Live bovine animals are mainly exported to Laos and Cambodia, accounting for 54.8% and 45.2%, respectively.

Vietnam imported livestock products worth 161 million USD in December 2023, a decrease of 11% from the previous month and a decrease of 10.4% from the same period of 2022.

In December 2023, meat of bovine animals, frozen (HS 0202) and meat and edible offal, of the poultry of heading 01.05, fresh, chilled or frozen (HS 0207) are the two most imported livestock products with values of 67.6 million USD (an increase of 0.1% over the previous month) and 31.1 million USD (a decrease of 9% over the previous month), respectively. Import of live bovine animals reached 17.2 million USD, a 24% decrease compared to November 2023. Import of meat of bovine animals, fresh or chilled (HS 0201), valued at 2.6 million USD, increased by 24% compared to the previous month.

In 2023, India and Australia were the two largest livestock products suppliers for Vietnam, with import values of 524 million USD and 308 million USD, respectively. Compared to 2022, imports from India increased by 4% and imports from Australia increased sharply by 31%.

Meat of bovine animals, frozen (HS 0202) and meat and edible offal, of the poultry, fresh, chilled or frozen (HS 0207) were the main imported items in December 2023. For the month, 87.04% of live bovine animals were sourced from Australia, and 12.96% from Thailand. For meat and edible offal, of the poultry, fresh, chilled or frozen, 38.02% originated from the US. Besides, 76.5% of meat of bovine animals, frozen were sourced from India. Australia was the main source of meat of bovine animals, fresh or chilled, supplying 79.6% of the Vietnamese demand. 

In December 2023, Vietnam's import of livestock products from Australia reached 26.2 million USD, a decrease of 21% compared to the previous month and a decrease of 9.3% compared to the same period of 2022. Of which, live bovine animals; and meat of bovine animals, frozen were the most imported products, with import values of 14.9 million USD and 6.5 million USD, respectively.

Vietnam's import value of beef and cattle from Australia in December 2023 was 24.5 million USD, a decrease of 23.7% compared to the previous month and a decrease of 11.7% compared to the same period of 2022.

In 2023, live bovine animals (not for breeding) was the most imported products, with an import value of 188.9 million USD, an increase of 79% compared to 2022. The import value of most other livestock products in 2023 decreased, except for meat of bovine animals, frozen: other cuts with bone in, which increased by 27%; and edible offal of bovine animals, swine, sheep, goats, horses, asses, mules or hinnies, fresh, chilled or frozen: frozen bone and other, which increased by 8%. 
  • In December 2023, imports of fresh/chilled/frozen meat of bovine animals with bone in from Australia increased compared to November 2023. Of which, imports of fresh/chilled meat of bovine animals with bone in increased by 124%, and imports of frozen meat of bovine animals with bone in increased by 135%. However, imports of live cattle decreased by 31% compared to the previous month.
  • The price of live cattle as well as beef products imported from Australia in December 2023 decreased slightly compared to the previous month except for meat of bovine animals, fresh or chilled: other cuts with bone in.
  • The top 5 enterprises that imported beef and cattle products from Australia, by value, accounted for almost one-quarter (23.38%) of the total cattle and beef products imported from Australia in December 2023.

During week 4 of 2024, the prices of beef fillet and beef thigh increased over the previous week. Of which, the price of beef thigh was 205.8 thousand VND/kg, an increase of 1.5% compared to week 3; and the price of beef fillet was 230.8 thousand VND/kg, an increase of 1.4% compared to week 3.

In week 4, the average price of live-weight cattle was 82.5 thousand VND/kg, an increase of 0.2% over the previous week. This is also the third consecutive week that the average price has been maintained at just over 82 thousand VND/kg.

In weeks 2 and 4, in terms of the current number of cattle handled in the facilities (feedlot or abattoir), the smallest feedlot had 100 heads of cattle whereas the biggest had 8000 animals in their feedlot. Similarly, the smallest abattoir slaughtered 5 animals in a day while the biggest slaughtered 30 animals in a day.

  • In week 4, prices of all cattle breeds at abattoir fluctuated slightly, ranging from 1-5 thousand VND/kg. For Australia cattle, the lowest price in week 2 was 73 thousand VND/kg, the highest price in week 4 was 78 thousand VND/kg. For BBB cattle, the lowest price in week 4 was 72 thousand VND/kg and the highest price in week 2 was 88 thousand VND/kg.
  • For traders, the prices of Australian cattle in week 4 were slightly higher than in week 2, with the highest price of 77 thousand VND/kg. The prices of Thai Brahman ranged from 70-72 thousand VND/kg in week 2 and increased to 72-74 thousand VND/kg. The prices of BBB cattle were higher than other cattle breeds, ranging from 72-85.5 thousand VND/kg in week 4.
  • Prices of all cattle breeds at feedlots in weeks 2 and 4 remained relatively stable. The prices of Australian cattle ranged from 76-78 thousand VND/kg in week 4, Thai Brahman ranging from 68-75 thousand VND/kg, and BBB cattle ranging from 72-84 thousand VND/kg.
The prices of hot beef at abattoirs remained stable betweek weeks 2 and 4. Of which, the lowest price of BBB cattle in the Central-Highland was 170 thousand VND/kg and the highest price in the North was 190 thousand VND/kg. The lowest price of local cattle in the North was 180 thousand VND/kg.
  • In weeks 2 and 4, the prices of Cambodian cattle in the border area for animals weighing about 230 kg ranged from 45-50 thousand VND/kg and for cattle weighing about 350 kg, the highest price in week 2 was 60 thousand VND/kg.
  • For slaughter cattle, in weeks 2 and 4, the prices for animals weighing about 450-500 kg ranged from 58-60 thousand VND/kg and for cattle weighing from 600-700kg, the lowest price in week 2 was 60 thousand VND/kg and the highest price in week 4 was 68 thousand VND/kg.

In week 5, the prices of Vietnamese beef at supermarkets remained unchanged compared to the previous week. Additionally, Bach Hoa Xanh launched a 10% discount program for Fohla ground beef, lean beef, and brisket navel end.

During the week 5, the prices of Australian beef also remained stable compared to the previous week. The maximum price of beef brisket at GO Mart was 326,000 VND per kilogram, whereas Home Farm offered relatively cheaper beef shank at 219,000 VND per kilogram.
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<![CDATA[bi-weekly beef and cattle market update from vietnam (January 15-26, 2024)]]>Mon, 29 Jan 2024 00:49:51 GMThttp://asiabeef.network/market-news/bi-weekly-beef-and-cattle-market-update-from-vietnam-january-15-26-2024Vietnamese version

In week 3, the average price of beef thigh was 202.8 thousand VND/kg, an increase of 0.3% compared to the previous week. The average price of beef fillet was 227.5 thousand VND/kg, a decrease of 0.4% compared to week 2.
  • The average price of live-weight cattle in Week 3 was 82.3 thousand VND/kg, a decrease of 0.4% compared to the previous week.
  • In week 3, the average price of live-weight cattle in the North was higher than in other regions by around 4-6 thousand VND/kg. For local cattle, the lowest price was recorded in Central - Highland region at 60 thousand VND/kg, while the highest price was in the North at 74 thousand VND/kg. For BBB cattle, the lowest price was recorded in the South at 75 thousand VND/kg, while the highest price was in the North at 86 thousand VND/kg
  • •In week 3, the average price of live-weight cattle in the North was higher than in other regions by around 5-7 thousand VND/kg. For local cattle, the lowest price was recorded in Central - Highland region at 60 thousand VND/kg, while the highest price was in the North at 74 thousand VND/kg. For BBB cattle, the lowest price was recorded in the South at 72 thousand VND/kg, while the highest price was in the North at 86 thousand VND/kg

In week 4, the prices of Vietnamese beef at most supermarkets remained steady. However, at Go Mart, the price of beef fillet increased by 37 thousand VND/kg compared to the previous week to 375 thousand VND/kg; the prices of brisket navel end and beef thigh decreased to 250 thousand VND/kg and 333 thousand VND/kg, respectively. Between January 26 and 28, 2024, Bach Hoa Xanh will launch a flash sale, offering a decrease of 36-40 thousand VND/kg for Fohla beef products, both online and in-store.

In week 4, supermarket prices for Australian beef remained unchanged compared to the previous week. Bach Hoa Xanh still maintains discounted prices for Pacow beef products for the Lunar New Year 2024. 
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<![CDATA[Weekly cattle and beef market update from vietnam (january 15-19, 2024)]]>Thu, 18 Jan 2024 02:44:03 GMThttp://asiabeef.network/market-news/weekly-cattle-and-beef-market-update-from-vietnam-january-15-19-2024Vietnamese version
In week 2, 2024, the average price of beef thigh was 202.2 thousand VND/kg, an increase of 0.6% compared to the previous week. This is also the second consecutive week of increase since the sharp decrease starting in week 39, 2023. The average price of beef fillet was 228.3 thousand VND/kg, an increase of 7.9% compared to week 1,2024.
  • In week 2, 2024, the average price of live-weight cattle was 82.7 thousand VND/kg, a decrease of 1.3% compared to the previous week.
  • According to local traders, prices of BBB cattle and Charolais cattle in the South were lower than in the North. Specifically, in week 2, the price of BBB cattle in the South was 75-78 thousand VND/kg, while the price in the North was 78-86 thousand VND/kg. And the price of Charolais cattle in the South was 68-70 thousand VND/kg, while the price in the North was 75-78 VND/kg. The prices in the north were comparatively higher than in the south. 

​In week 3, the price of Vietnamese beef at supermarkets was relatively stable compared to the previous week, except at Go Mart where the price of beef fillet decreased by 20 thousand VND/kg to 338 thousand VND/kg.

The prices of Australian beef at supermarkets remained unchanged compared to the previous week. Bach Hoa Xanh supermarket continued the discount program ahead of the Lunar New Year 2024, offering reductions of 10 - 15% depending on items.
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<![CDATA[bi-weekly cattle and beef market update from vietnam (january 1-12, 2024)]]>Thu, 18 Jan 2024 02:31:17 GMThttp://asiabeef.network/market-news/bi-weekly-cattle-and-beef-market-update-from-vietnam-january-1-12-2024Vietnamese version

In the first week of 2024, the average price of beef thigh was 201 thousand VND/kg, an increase of 4% compared to the previous week. The average price of beef fillet was 212 thousand VND/kg, a decrease of 6.7% compared to the previous week.
  • ​In the first week of 2024, the average price of live-weight cattle was 83.8 thousand VND/kg, an increase of 1.5% compared to the previous week.
  • For local cattle, the lowest price in the first week of 2024 was recorded in the Central-Highland region at 60,000 VND/kg, while the highest price was in the North at 74,000 VND/kg.
  • For BBB cattle, the lowest price in the first week of 2024 was recorded in the South at 75,000 VND/kg, while the highest price was in the North at 86,000 VND/kg. The price of live-weight cattle in the North was higher than in other regions by around 4-6 thousand VND/kg.
In week 2 of 2024, supermarket prices for Vietnamese beef remained relatively stable, with minimal changes observed. However, at Go Mart, the price of beef fillet decreased to 358 thousand VND/kg, while the price of beef thigh increased to 335 thousand VND/kg.

Prices of Australian beef at Bach Hoa Xanh in week 2 of 2024 decreased sharply by 10-13% compared to week 52 of 2023, since the supermarket launched a promotional discount program ahead of Lunar New Year in 2024. In contrast, prices of Australian beef at other supermarkets remained unchanged from the previous week.
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<![CDATA[Weekly cattle and beef market update from vietnam (Jan 1-5, 2024)]]>Fri, 12 Jan 2024 00:06:28 GMThttp://asiabeef.network/market-news/weekly-cattle-and-beef-market-update-from-vietnam-jan-1-5-2024Vietnamese version
​In week 52, the prices of beef thigh and beef fillet decreased compared to week 51. The average price of beef thigh was 193,333 VND/kg, a decrease of 4.7% compared to the previous week. The average price of beef fillet was 226,667 VND/kg, a decrease of 1% compared to the previous week.

In week 52, the average price of live-weight cattle remained unchanged compared to the previous week, at 82,500 VND/kg. According to local traders, BBB and Charolais cattle prices in the South were lower than in the North in week 52. Specifically, the price of BBB cattle in the South was 75-77 thousand VND/kg and in the North was 78-86 thousand VND/kg. The price of Charolais in the South was 65-68 thousand VND/kg and in the North was 72-75 thousand VND/kg.
​In the first week of 2024, the price of Vietnamese beef at supermarkets was relatively stable compared to the previous week, except the prices of beef fillet and beef thigh at Go Mart. Specifically, at Go Mart, the price of beef fillet was 377 thousand VND/kg, the highest price since August 2023. The price of beef thigh was 333 thousand VND/kg, an increase of 37 thousand VND/kg compared to the previous week.

In the first week of 2024, the prices of Australian beef at Homefarm fluctuated the most compared to the previous week. Of which, the price of beef brisket decreased by 40,000 VND/kg to 289,000 VND/kg, the price of beef shank decreased by 20,000 VND/kg to 219,000 VND/kg, and the price of beef sirloin Hokubee decreased sharply by 70,000 VND/kg to 789,000 VND/kg. The prices of Australian beef remained unchanged at other supermarkets compared to the previous week, except for the price of beef shank at Go Mart, which decreased by 49,000 VND/kg to 249,000 VND/kg.
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<![CDATA[Monthly report of vietnam's beef and cattle market (December 2023)]]>Thu, 11 Jan 2024 22:44:27 GMThttp://asiabeef.network/market-news/monthly-report-of-vietnams-beef-and-cattle-market-december-2023Vietnamese version

Vietnam's total export value of livestock products in November 2023 reached 18.7 million USD, a decrease of 49% over the previous month and an increase of 56% over the same period in 2022.

In November 2023, the meat of swine, fresh, chilled, or frozen (HS 0203); other prepared or preserved meat, meat offal or blood (HS 1602); other meat and edible meat offal, fresh, chilled, or frozen (HS 0208) were Vietnam's main export livestock products with a value of 6.56 million USD, 5.78 million USD, and 1.88 million USD, respectively. In November, there was no recorded export of live bovine animals (HS 0102). The export value of most livestock products declined compared to the previous month.

Hong Kong and ASEAN are Vietnam's largest export markets, with export values of 65.3 million USD and 42.2 million USD respectively in the first 11 months of 2023. Exports to Australia increased by 41% compared to the same period of 2022, but accounting for only 0.07% of Vietnam's total livestock exports

Meat of swine, fresh, chilled or frozen (HS 0203) and other prepared or preserved meat, meat offal or blood (HS 1602) are the main export products in November 2023. Of which, Hong Kong is the main export market for meat of swine, fresh, chilled or frozen, accounting for 89.4% of total export value. Other prepared or preserved meat, meat offal or blood are mainly exported to Japan and Hong Kong, accounting for 47.4% and 23%, respectively.

Vietnam imported livestock products worth 181 million USD in November 2023, an 8.7% decrease from the previous month but a 2.5% increase from the same period in 2022.

In November 2023, the meat of bovine animals, frozen (HS 0202) and meat and edible offal, of the poultry of heading 01.05, fresh, chilled or frozen (HS 0207) are the two most imported livestock products with values of 67.5 million USD (a 18% increase compared to the previous month) and 34.2 million USD (a 12% month-on-month increase), respectively. Import of live bovine animals reached 22.6 million USD, a 2% decrease compared to October 2023. Import of live swine decreased sharply by 54% compared to the previous month, reaching 0.61 million USD.
In the first 11 months of 2023, India and Australia were the two largest livestock products suppliers for Vietnam, with import values of 469 million USD and 281 million USD, respectively. Compared to the same period of 2022, imports from India decreased by 7% and imports from Australia increased markedly by 20%.

Meat of bovine animals, frozen; and meat and edible offal, of the poultry, fresh, chilled or frozen were the main imported items in November 2023. For the month, 95.1% of live bovine animals were sourced from Australia. For meat and edible offal, of the poultry, fresh, chilled or frozen, 45.2% originated from the US. Besides, 74.6% of meat of bovine animals, frozen were sourced from India. Australia was the main source of meat of bovine animals, fresh or chilled supplying 81.52% of the Vietnamese demand. 

In November 2023, Vietnam's imports of livestock products from Australia reached 33 million USD, a decrease of 3.2% compared to the previous month and an increase of 130% compared to the same period in 2022. Of which, live bovine animals; and meat of bovine animals, frozen were the most imported products, with import values of 21.5 million USD and 7.6 million USD, respectively.
​Vietnam's import value of beef and cattle from Australia in November 2023 was 32.2 million USD, an increase of 41.3% compared to the previous month, and an increase of 103% compared to the same period in 2022.
In the first 11 months of 2023, the most imported products was live bovine animals (not for breeding), with an import value of 173.9 million USD, a 65% increase over the same period last year. However, the import value of other products such as meat of bovine animals, fresh or chilled; and edible offal of bovine animals, fresh or chilled, decreased.
  • In November 2023, imports of fresh/chilled/frozen boneless meat of bovine animals from Australia increased compared to October 2023. Of which, imports of frozen boneless meat increased by 28%, imports of fresh or chilled meat increased by 13%. However, imports of live cattle decreased by 7% compared to the previous month.
  • The price of live cattle as well as beef products imported from Australia in November 2023 decreased compared to the previous month.
  • The top 5 enterprises that imported beef and cattle products from Australia, by value, accounted for 24.2% of the total cattle and beef products imported from Australia in November 2023.

During week 51, the prices of beef fillet and beef thigh increased over the previous week. Of which, the price of beef thigh was 202,778 VND/kg (the highest price since week 43), an increase of 4.5% compared to the previous week; and the price of beef fillet was 229,000 VND/kg, an increase of 2% compared to week 50.

In week 51, the average price of live-weight cattle was 82,500 VND/kg, which decreased slightly by 0.1% over week 50. Regionally, the prices were comparatively higher in the north than the south. 
In weeks 49 and 52, in terms of the current number of cattle handled in the facilities (feedlot or abattoir), the smallest feedlot had 100 heads of cattle whereas the biggest had 8000 animals in their feedlot. Similarly, the smallest abattoir slaughtered 5 animals in a day while the biggest slaughtered 30 animals in a day.

​•Prices of all cattle breeds at abattoir in weeks 49 and 52 remained stable. For Australia cattle, the prices ranged from 70,000 - 77,000 VND/kg. For BBB cattle, the prices ranged from 76,000 - 88,000 VND/kg.
•For traders, the prices of Australian cattle and Thai Brahman ranged from 70,000 - 72,000 VND/kg, while the prices of BBB cattle ranged from 75,000 - 86,000 VND/kg.
•Prices of all cattle breeds at feedlots in weeks 49 and 52 remained relatively stable. Of which, the prices of Australian cattle ranged from 74,000 - 75,000 VND/kg, Thai Brahman ranging from 68,000 - 71,000 VND/kg, and BBB cattle ranging from 77,000 - 86,000 VND/kg.
The prices of hot beef at abattoirs remained stable between weeks 49 and 52. Of which, the lowest price of BBB cattle was 175,000 VND/kg. The prices of all cattle breeds in the North were lower than in the South by around 10,000 - 13,000 VND/kg.
  • In weeks 49 and 52, the prices of Cambodian cattle in the border area for animals weighing about 230 kg ranged from 45,000 - 50,000 VND/kg and cattle weighing about 350 kg ranged from 55,000 - 56,000 VND/kg
  • For slaughter cattle, in weeks 49 and 52, the prices for animals weighing about 450-500 kg ranged from 58,000 - 60,000 VND/kg and cattle weighing about 600-700 kg ranged from 60,000 - 62,000 VND/kg.

In week 52, prices of Vietnamese beef at supermarkets remained unchanged compared to the previous week. For beef fillet, the lowest prices recorded at Winmart with 358,000 VND/kg. For beef shank, the lowest price was at Co.op mart (remained stable since September 2023). The prices of Australian beef also remained unchanged compared to the previous week. Beef sirloin Hokubee had the highest price of 859,000 VND/kg sold exclusively at Homefarm. 
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<![CDATA[weekly cattle and beef market update from vietnam (December 18-22, 2023)]]>Sat, 23 Dec 2023 10:20:20 GMThttp://asiabeef.network/market-news/weekly-cattle-and-beef-market-update-from-vietnam-december-18-22-2023Vietnamese version
​In week 50, the price of beef thigh was 194,000 VND/kg, an increase of 1% compared to the previous week. The price of beef fillet decreased by 1.1% to 224,500 VND/kg.

In week 50, the average price of live-weight cattle decreased slightly compared to week 49 to 82,600 VND/kg, a decrease of 0.5%. This is the lowest price since week 41.
According to local traders, for BBB cattle, the lowest price was recorded in the South, ranging from 75,000 VND/kg to 77,000 VND/kg. For Charolais cattle, the highest price was in the North, ranging from 72,000 VND/kg to 75,000 VND/kg.

In week 51, Vietnamese beef prices at supermarkets were relatively stable. Co.op Mart and Bach Hoa Xanh are two supermarkets whose prices have remained unchanged for the past 3 months. This week, beef prices at Go Mart supermarket fluctuated the most. Specifically, the price of beef shank increased compared to last week, reaching 373,000 VND/kg, which is also the highest price since September 2023. The price of beef brisket navel end and beef thigh decreased compared to week 50. The price of beef thigh decreased sharply in week 51 to 296,000 VND/kg.
 
In week 51, Australian beef prices remained unchanged at supermarkets, except for the price of beef shank at Home Farm, which decreased by 10,000 VND/kg compared to the previous week to 239,000 VND/kg.
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<![CDATA[Vietnam Market News 15th December 2023]]>Tue, 19 Dec 2023 00:26:29 GMThttp://asiabeef.network/market-news/vietnam-market-news-15th-december-2023
In week 49, the average price of beef thigh was at 192,000 VND/kg, a decrease of 1.4% compared to the previous week. The average price of beef fillet in week 49 decreased slightly by 0.1% to 227,000 VND/kg.

In week 49, the average price of live-weight cattle decreased slightly compared to week 48, from 84,500 VND/kg to 83,000 VND/kg, a decrease of 1.8%.
In week 49, for local cattle, the lowest price was recorded in the Central Highlands at 60,000 VND/kg, while the highest price was observed in the North at 74,000 VND/kg.
For BBB cattle, in week 49, the lowest price was recorded in the Central Highlands at 76,000 VND/kg and the highest price in the North at 88,000 VND/kg.  

​After 2 weeks of price stability, in week 50, the price of Vietnamese beef at supermarkets had slight price fluctuations. 
In particular, Go supermarket quoted a decrease in beef fillet and beef thigh prices while Brisket Navel End price increased compared to the previous week. CO.OP Mart also quoted a decrease increased the price of in brisket Navel End price compared to week 49. Currently, the price of beef fillet meat is the lowest in Go supermarket at 357,000 VND/kg.

​Prices of Australian beef at supermarkets in week 50 remained unchanged compared to week 49, except 
prices of Shoulder clod (Go Mart), Chuck Crest (Home farm), and Beef sirloin Hokubee (Home Farm) prices which increased compared to the last week.
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<![CDATA[weekly cattle and beef market update from vietnam (december 4-8, 2023)]]>Fri, 08 Dec 2023 04:30:36 GMThttp://asiabeef.network/market-news/weekly-cattle-and-beef-market-update-from-vietnam-december-4-8-2023Vietnamese version
In week 48, the average price of beef thigh increased again after a continuous decrease since week 37 until week 46. The price of beef thigh is 194,667 VND/kg, an increase of 2.8% compared to the previous week. In week 48, the average price of beef fillet also increased slightly by 0.9% compared to week 47 to 227,222 VND/kg.

The average price of live-weight cattle ​in week 48 was 84,500 VND per kilogram, which is a 1.7% decrease from the previous week. Regionally, price differentials are observed with the south recording comparatively lower prices. According to local traders, the lowest price of BBB cattle in the South was 75,000 VND/kg, and the highest price in the North was 86,000 VND/kg.

​​In week 49, the prices of beef thigh in Go Mart and Winmart increased slightly compared to the previous week at 357,000 VND/kg and 345,000 VND/kg, respectively. The prices of other types of Vietnamese beef remained unchanged at the supermarkets compared to week 48.

Bach Hoa Xanh is one of the supermarkets with the most stable Australian beef prices over the past 2 months. However, in week 49, the price of stir-fried beef Pacow at this supermarket decreased to 468,000 VND/kg compared to the price of 516,000 VND/kg in week 48. The price of shoulder clod at Go Mart increased slightly compared to the previous week to 334,000 VND/kg. The prices of other Australian beef varieties in supermarkets were stable compared to week 48.
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