BI-WEEKLY Cattle and BEEF MARKET update from VIETNAM (Oct 2-13, 2023)

Vietnamese version

In week 40, the average price of beef thigh decreased sharply compared to week 39 to only 223,000 VND/kg, down 10.1%, and around the same price as in the weeks of April 2023. The average price of beef fillet increased slightly by 1.7% from 231,000 VND (week 39) to 235,000 VND/kg (week 40).

The average price of live weight cattle showed a decreasing trend from the last weeks of September. In week 40, the average price of live weight cattle was 82,000 VND/kg, down 1.2% compared to week 39.
Regionally, in week 40, the price of live cattle in the North was higher than in other regions. For BBB Beef, the lowest price was recorded in the South at 77,000 VND/kg, while the highest prices were observed in the North and Central Highlands, both at 84,000 VND/kg.
The price of local cattle was comparatively lower by around 10-12,000 VND/kg than that of BBB cattle. The lowest price for local cattle was recorded in the South and Central Highlands, both at 60,000 VND/kg, and the highest in the North at 74,000 VND/kg.

In week 41, Vietnamese beef prices remained unchanged at the supermarkets. The highest price of beef shank was reported at Go Mart at 385,000 VND/kg, while the highest price of beef fillet was at 380,000 VND/kg at Co.op Mart.

In week 41, imported Australian beef prices were stable at most supermarkets, except for Beef Short Plate Kiaora price decrease and Brisket Navel End Pacow price increase at Winmart supermarket compared to week 40.