BI-Weekly cattle and beef market update from vietnam (oct 16-27, 2023)

Vietnamese version

In week 42, the average price of beef thigh decreased compared to week 41 to 205,000 VND/kg, down 4.4% and the lowest so far of all weeks, this year. The average price of beef fillet increased slightly by 2.2% from 222,500 VND/kg (week 41) to 227,444 VND/kg (week 42).

In week 42, the average price of live-weight cattle remained steady at 86,000 VND/kg, unchanged compared to week 41. Regionally, in week 42, the price of live cattle in the North was higher than in other regions. For BBB Beef, the lowest price recorded in all three regions was 77,000 VND/kg, while the highest price was observed in the North at 85,000 VND/kg. The price of local cattle was comparatively lower by around 10-17,000 VND/kg than that of BBB cattle. The lowest price for local cattle was recorded in the Central Highlands at 60,000 VND/kg and the highest in the North and South at 70,000 VND/kg.

In week 43, the prices of Vietnamese beef at all supermarkets did not change compared to week 42. These prices have been maintained relatively stable in the last 4 weeks.

Like Vietnamese beef, the prices of imported Australian beef are also stable at most supermarkets, except for Winmart supermarket, which quoted the price of Beef short plate Kiaora down 13% to 335,000 VND/kg and the price of Brisket Navel End Pacow up 10% to 428,000 VND/kg.