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.

​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.

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.

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.
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• 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. 

​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.

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.  

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.

Vietnam’s total export value of livestock products in October 2023 reached 36.4 million USD, an increase of 145% over the previous month and an increase of 134% over the same period of 2022.

In October 2023, other live animals, live bovine animals, meat of swine, fresh, chilled, or frozen were Vietnam’s main export livestock products with values of 10.99 million USD, 9.8 million USD, and 6 million USD. Notably, in the month, other live animal exports (HS 0106) increased sharply by 1,600% compared to the previous month, and live cattle and buffaloes (HS 0102) were also exported again.

Hong Kong and ASEAN are Vietnam’s largest export markets, with export values of 58 million USD and 40.3 million USD respectively in the first 10 months of 2023. Exports to Australia accounted for only 0.05% of Vietnam's total livestock exports although there is 10% increase in exports compared to the same period in 2022. 

In October 2023, other live animals (HS 0106) and live cattle (HS 0102) are the main export products. In particular, the US is the main export market for other live animals, accounting for 99.7% of the total export value. Live cattle are exported mainly to Cambodia, accounting for 78% of total export value and rest (22%) to Lao PDR.

Vietnam imported livestock products worth $198.3 million in October 2023, a 17.7% increase from the previous month but a 9.7% decrease from the same period in 2022.

In October 2023, meat of bovine animals, frozen and meat of swine, fresh, chilled or frozen were the two most imported livestock products with values of 73.8 million USD and 35.4 million USD, respectively. Imports of meat of bovine animals, fresh or chilled increased by 58% over the previous month. Imports of live bovine animals reached 23 million USD, an increase of 78% compared to the previous month. Imports of live swine increased sharply, reaching 1.3 million USD, a 158% increase from the previous month.

In the first 10 months of 2023, India and Australia are the two largest livestock product suppliers for Vietnam, with import values of 415 million USD and 248 million USD, respectively. Compared to the same period of 2022, imports from India decreased by 3% and imports from Australia increased by 30%.

Frozen meat of bovine animals, and meat of swine, fresh, chilled or frozen were the main imported products in October. Almost 100% of the live cattle were sourced from Australia. As for meat, 88.4% of fresh or chilled meat of bovine animals originated from Australia. India was the main import source for frozen meat of bovine animals, accounting for 81%.

​In October 2023, Vietnam's imports of livestock products from Australia reached 34 million USD, an increase of 37.6% over the previous month and an increase of 97.8% over the same period in 2022. Live bovine animals and meat of bovine animals, frozen were the most imported products, with import values of 23.1 million USD and 6.2 million USD, respectively.

​Vietnam's import value of beef and cattle from Australia reached 32.8 million USD in October 2023, an increase of 41.3% over the previous month and an increase of 103% over the same period in 2022.
From January to October 2023, the most imported product was live bovine animals (not for breeding), with an import value of 152 million USD, an increase of 82% over the same period of 2022. 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.

During week 47, the prices of beef thigh and beef fillet increased compared to the previous week. The average price of beef thigh was 189.000 VND/kg, an increase of 1.2%; the price of beef fillet was 225,000 VND/kg, an increase of 1.8% compared to week 46.

In week 47, the average price of live weight cattle remained the same as previous month at 86,000 VND/kg.

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 7 animals (week 44) and 5 animals in a day (week 47) whereas the biggest slaughtered 30 animals in a day.

• Prices of all cattle breeds at abattoirs in weeks 44 and 47 fluctuated slightly, ranging from 1,000 - 4,000 VND/kg. For Australian cattle at abattoirs, the lowest price in week 47 was 70,000 VND/kg, a decrease of 3,000 VND/kg compared to week 44.
• For traders, the lowest price of Australian cattle in week 47 was 70,000 VND/kg, a decrease of 2,000 VND/kg compared to week 44. For BBB cattle, the highest price in week 47 was 84,000 VND/kg, a decrease of 5,000 VND/kg compared to week 44.
• Prices of all cattle breeds at feedlots in weeks 44 and 47 remained relatively stable except for BBB cattle, which recorded its highest price in week 47 at 84,000 VND/kg, a decrease of 4,000 VND/kg compared to week 44.

Live cattle selling prices were stable, when comparing weeks 44 and 47 except for BBB cattle breeds in North and Central Highlands. In the North, the highest price of BBB cattle breed went down 3,000 VND/kg, and in the Central Highlands, the lowest price of BBB cattle breed went down 5,000 VND/kg.

• In week 44, the prices of Cambodian cattle in the border area for animals weighing approximately 230 kg ranged from 42,000 to 45,000 VND/kg. Cattle weighing around 350 kg had a price range of 53,000 to 55,000 VND/kg. In week 47, the price of Cambodian cattle weighing about 230 kg were higher than week 44, ranging from 45,000 VND/kg to 50,000 VND/kg; for cattle weighing about 350 kg, the prices have not changed much compared to week 44.
• For slaughter cattle, the prices remained almost the same in weeks 44 and 47. For animals weighing about 450-500 kg, the prices ranged from 56,000 to 58,000 VND/kg. For animals weighing about 600-700 kg, the prices ranged from 64,000 to 66,000 VND/kg.

​In week 48, prices of Vietnamese beef at supermarkets remained unchanged compared to the previous week, except beef fillet at Winmart which decreased to 358,000 VND/kg. Similarly, prices of Australian beef also remained unchanged compared to week 47.

In week 46, the average prices of beef thigh and beef fillet decreased compared to the previous week. Specifically, beef thigh decreased by 2.5% to 187,000 VND/kg, which is the lowest ever recorded in the year, and beef fillet decreased by 0.4% to 221,000 VND/kg.

The average price of live-weight cattle in week 46 was 86,000 VND/kg, up 1.2% compared to the previous week. After the peak price drop to 82,000 VND/kg (week 40), for the last 6 consecutive weeks, the price of live-weight cattle has been more stable in the range of 85,000 to 86,000 VND/kg.

In week 47, Vietnamese beef prices fluctuated the most at Go Mart. The price of beef fillet at Go Mart increased by 5,000 VND/kg compared to week 46 to 365,000 VND/kg; beef navel end decreased by 3,000 VND/kg to 257,000 VND/kg, beef thigh decreased by 12,000 VND/kg to 345,000 VND/kg. Vietnamese beef prices at other supermarkets are stable compared to week 46.

In week 47, Australian beef prices remained unchanged at most supermarkets except at Go supermarket where the price of lean beef shoulder meat decreased by 4,000 VND/kg compared to week 46 to 330,000 VND/kg.

In week 45, the average price of beef thigh was at 192,000 VND/kg, a continued fall since week 37 and a decrease of 2.4% compared to the previous week. The average price of beef fillet in week 45 increased slightly by 0.9% to 222,000 VND/kg.

• In week 45, the average price of live-weight cattle decreased slightly compared to week 44, from 86,000 VND/kg to 85,000 VND/kg, a decrease of 1.2%.
• 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 and South at 70,000 VND/kg.
• For BBB cattle, in week 45, the lowest price was recorded in the South at 76,000 VND/kg and the highest price in the North at 89,000 VND/kg.

In week 46, prices of Vietnamese beef at supermarkets remained relatively stable compared to the previous week. However, at Go Mart, beef fillet decreased to 360,000 VND/kg (down 2%) and beef thigh decreased to 357,000 VND/kg (down 1%).

Prices of Australian beef at supermarkets in week 46 remained unchanged compared to week 45, except for increase in prices of beef shank at Home Farm to 249,000 VND/kg and chuck crest to 299,000 VND/kg. This marks the first occasion of price fluctuation after a continuous six-week period of maintaining stable prices at this supermarket.

After 6 consecutive weeks of price reduction, the average price of beef thigh in week 44 was 196,700 VND/kg, an increase of 0.3% compared to week 43. In contrast, the average price of beef fillet was 220,000 VND/kg, a decrease of 2.7% compared to week 43.

In week 44, the average price of live weight cattle was 86,000 VND/kg, one of the highest prices since the beginning of the year, an increase of 1.2% compared to the previous week.

In week 45, prices of Vietnamese beef at supermarkets remained stable compared to the previous week. However, beef shank at Go Mart decreased to 385,000 VND/kg, and beef fillet at Winmart  increased to 360,000 VND/kg.

Prices of Australian beef at supermarkets in week 45 remained unchanged compared to week 44 except for beef sirloin Hokubee at Home Farm, which was 749,000 VND/kg, a decrease of 13% compared to the previous week.