<![CDATA[Asia Beef Network - Market News]]>Tue, 21 May 2024 07:23:36 +1000Weebly<![CDATA[WEEKLY FACTSHEET 17 MAY 2024]]>Sun, 19 May 2024 23:59:56 GMThttp://asiabeef.network/market-news/weekly-factsheet-17-may-2024In week 19, the average prices of beef thigh and beef fillet both increased compared to week 18. Specifically, beef thigh was priced at 205.3 thousand VND/kg, an increase of 3.1%. Beef fillet was priced at 221.2 thousand VND/kg, an increase of 14.4%.
In week 20, the prices of Vietnamese beef remained stable at supermarkets. The lowest prices for beef fillet, beef shank, and beef thigh were recorded at Covifood at 270 thousand VND/kg, 240 thousand VND/kg, and 220 thousand VND/kg, respectively. The lowest price for beef brisket navel end was at Go Mart at 240 thousand VND/kg.
In week 20, the prices of Australian beef remained unchanged compared to the previous week. The lowest price for beef brisket was at Vissan Mart at 240 thousand VND/kg. The lowest price for beef shank was at Home Farm at 230 thousand VND/kg.  
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<![CDATA[Bi-Weekly Beef and Cattle market update from vietnam (apr 29-may 10, 2024)]]>Sun, 12 May 2024 22:46:07 GMThttp://asiabeef.network/market-news/bi-weekly-beef-and-cattle-market-update-from-vietnam-apr-29-may-10-2024

In week 18, the average price of beef thigh fell by 1.1% compared to week 17, at 199.2 thousand VND/kg, and lowest the early of 2024. the average price of beef fillet rose by 1.4% compared to the previous week, reaching 224.2 thousand VND/kg.

  • In week 18, the average price of live-weight cattle was 83.1 thousand VND/kg, marking a 0.8% increase from the previous week.
  • In week 18, the lowest price recorded for local cattle and crossbred Brahman cattle was 68,000 VND/kg in both the North and the Central Highlands - Central region, while the highest price was recorded in the North at 75,000 VND/kg. The lowest price for BBB (Belgian Blue Beef) cattle was recorded in the North and the Central Highlands - Central region at 65,000 VND/kg, while the highest was in the North at 83,000 VND/kg.
​During week 19, the prices of Vietnamese beef fluctuated at most supermarkets. Go Mart reported an increase in the price of Brisket Navel End beef, while the price of beef shank, beef fillet, and beef thigh decreased compared to week 18. During the previous weeks, beef prices in Co.op Mart were quite stable, however, the prices of beef shank and beef fillet were also reportedly decreased. Similarly, the price of beef fillet has increased at Winmart. Covifood is still the supermarket offering the most affordable prices for all varieties of Vietnamese beef.
Except for Go Mart, which reported an increase in the price of Australian beef shank to 300,000 VND/kg, the prices of this item remained stable at most supermarkets in week 19. However, Go Mart still offered the lowest price out of the three supermarkets that sold it.
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<![CDATA[weekly cattle and beef market update from vietnam (Apr 29-May 3, 2024)]]>Sun, 12 May 2024 22:39:03 GMThttp://asiabeef.network/market-news/weekly-cattle-and-beef-market-update-from-vietnam-apr-29-may-3-2024In week 17, the average prices of beef thigh and beef fillet both decreased compared to week 16. Specifically, beef thigh was priced at 201.4 thousand VND/kg, down by 0.5%. Beef fillet was priced at 221.2 thousand VND/kg, a decrease of 1.9%.

  • In week 17, the average price of live-weight cattle remained unchanged at 82.5 thousand VND/kg compared to the previous week.
  • According to local traders, in week 17, the prices of live-weight cattle decreased slightly by 2-5 thousand VND/kg compared to the previous week. Live-weight cattle prices in the North are higher than those in the South. The price of live-weight BBB beef cattle in the North ranged from 74-79 thousand VND/kg, while in the South it ranged from 74-75 thousand VND/kg. The price of Charolais beef cattle in the North ranged from 75-78 thousand VND/kg, whereas in the South it ranged from 66-68 thousand VND/kg.

In week 18, the prices of beef in Vietnam remained stable at most supermarkets. This price level has been maintained for five consecutive weeks since the beginning of April. The lowest prices for beef fillet, beef thigh, and beef shank were recorded at CoviFood at 270 thousand VND/kg, 220 thousand VND/kg, and 240 thousand VND/kg, respectively. The lowest price for beef brisket navel end was at Go Mart  at 240 thousand VND/kg.
​In week 18, the prices of Australian beef remained unchanged compared to the previous week, except for Australian beef sirloin Hokubee which saw a slight increase of 1% to 836 thousand VND/kg. The lowest prices for Australian beef shank, beef brisket, and Australian beef sirloin Hokubee were 230 thousand VND/kg, 289 thousand VND/kg, and 828 thousand VND/kg, respectively, at Homefarm supermarket.
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<![CDATA[monthly report of vietnam's cattle and beef market (April 2024)]]>Wed, 08 May 2024 00:03:04 GMThttp://asiabeef.network/market-news/monthly-report-of-vietnams-cattle-and-beef-market-april-2024Vietnamese version
The total export value of Vietnam's livestock products in March 2024 reached $16.9 million, up 72% compared to the previous month and up 11% compared to the same period in 2023.

In March 2024, the meat of swine (HS 0203); other prepared or preserved meat, meat offal or blood (HS 1602); and live bovine animals (HS 0102) were the main livestock products exported from Vietnam, with values of $5.08 million, $4.3 million, and $3.3 million respectively.
Most of the meat products exported this month increased compared to the previous month, except for fresh, chilled, or frozen sheep or goat meat, which decreased by 22%, and sausages, similar products made from meat, etc. (HS 1601) which decreased by 14%. 
In March 2024, Hong Kong and ASEAN were the two largest export markets, accounting for values of $5.7 million and $3.9 million respectively. Exports to most markets this month increased compared to the previous month, with exports to ASEAN increasing by 296%, Japan by 78%, China by 66%, and Australia by 49% although exports to Hongkong saw a dip by 12%. 

In March 2024, 100% of live cattle were exported to Laos. Hong Kong was the primary export market for fresh, chilled, or frozen pork, accounting for 98.7%. Meat and meat offal, processed or preserved after slaughter or butchering, were mainly exported to Japan, accounting for 73.2% of the total export value, and 15.3% were exported to Hong Kong. Other meat and edible meat offal from other animals were predominantly exported to Belgium and the United States, accounting for 55.8% and 13.4%, respectively.
The total import value of livestock products of Vietnam in March 2024 reached $154 million, up 43% compared to the previous month and up 12% compared to the same period in 2023.

In March 2024, the top three imported livestock products in Vietnam were frozen meat of bovine animals (HS 0202), fresh, chilled, or frozen meat and edible offal of poultry (HS 0207), and fresh, chilled, or frozen meat and edible offal of swine, cattle, sheep, goats, horses, asses, mules, or hinnies (HS 0206). Import values of frozen meat of bovine animals were $72.3 million, a 44% rise from the previous month. Live bovine animal imports amounted to $9.15 million, marking an 18% decrease from February 2024. Additionally, the import value of fresh or chilled buffalo and cattle meat (HS 0201) stood at $2.02 million, reflecting a 50% increase from the previous month.
In March 2024, India, the EU, and Australia were the three largest suppliers of livestock products to Vietnam, with import values of $58 million, $24 million, and $17 million respectively. Compared to the same period in 2023, imports from India increased by 9%, imports from the EU increased by 76%, and imports from Australia increased by 53%.

In March 2024, the majority (69.1%) of live bovine animals were sourced from Australia, with the remaining 30.9% originating from Thailand. Australia was also the leading supplier of fresh or chilled bovine meat, accounting for 77.4% of imports. Meanwhile, India was the primary supplier of frozen buffalo and cattle meat, representing 75.2% of the total imports.
​In March 2024, Vietnam imported $16.7 million worth of livestock products from Australia, up 15% from the previous month and 53% from the same period last year. Live bovine animals and frozen bovine meat, valued at $6.3 million and $6.7 million respectively, were the top imports.
​In March 2024, Vietnam's imports of beef and livestock from Australia reached $15.9 million, rising by 21% compared to the previous month and 56% compared to March 2023.

In comparison to the same period previous year, the majority of Vietnam's major imports of live bovine animals from Australia increased during this time. Imports of live bovine animals totaled $6.3 million among them, a 78% rise from March 2023. This is followed by import of frozen boneless meat of bovine animals with a $6.5 million value increase (up 89%).

  • In March 2024, most of the frozen beef products imported from Australia to Vietnam saw increases compared to the previous month. However, live bovine animal imports from Australia decreased by 15% compared to the previous month.
  • The prices of most beef products imported from Australia to Vietnam in March 2024 remained relatively stable compared to the previous month. Prices for live bovine animals experienced slight decrease.
  • The top 5 importing companies of beef and livestock products from Australia, based on value, accounted for 37.7% of the total volume of beef products imported from Australia in March 2024.
In week 16 (Apr 22-26), the average price of beef thigh remains unchanged since week 14, staying at 202.6 thousand VND/kg. Also in the same week, the price of beef sirloin was 225.6 thousand VND/kg, experiencing a slight increase of 0.1% compared to week 15.

In week 16, the average price of live-weight cattle is at 82.5 thousand VND/kg, marking a 0.2% increase compared to the previous month. According to local traders, in week 16, the price range of live-weight BBB cattle in the Northern region is between 74-79 thousand VND/kg, while in the Southern region, it ranges from 74-75 thousand VND/kg. Additionally, the price of Charolais cattle in the Southern region is significantly higher than in the Northern region.
In week 16, the number of livestock at feedlots remained stable, ranging from a minimum of 100 animals to a maximum of 8,000 animals. Meanwhile, at abattoirs, the average daily slaughter ranged from a minimum of 5 animals to a maximum of 30 animals.

  • In week 16, the prices of Australian cattle at abattoirs fluctuated between 73-79 thousand VND/kg, while the prices of Brahman crossbred cattle ranged between 60-75 thousand VND/kg, and BBB cattle are priced between 73-84 thousand VND/kg.
  • For traders, the price range of Australian cattle in week 16 is from 73-75 thousand VND/kg, Thai Brahman cattle range from 70-75 thousand VND/kg, and BBB cattle were priced between 74-79 thousand VND/kg.
  • At feedlots, Australian cattle prices in week 16 ranged from 72-74 thousand VND/kg, while BBB cattle were priced from 73-79 thousand VND/kg.
At abattoirs, in week 16, the lowest price for BBB beef in the Northern region was 168 thousand VND/kg, and the highest price in the same region was 190 thousand VND/kg. The lowest price for local beef in the Northern region was 168 thousand VND/kg, while the highest price in the Central Highlands region was 185 thousand VND/kg.

  • In week 16, the price of Cambodian cattle in the bordering areas ranged between 45-50 thousand VND/kg for animals weighing approximately 230 kg. For animals weighing around 350 kg, the price ranged from 52-53 thousand VND/kg.
  • Also, during the week, for slaughtered cattle weighing between 450-500 kg, the price fluctuated between 56-58 thousand VND/kg, and for those weighing between 600-700 kg, the price ranged from 62-64 thousand VND/kg.
In week 17 (April 29 - May 3), the prices of Vietnamese beef and Australian beef have remained stable at most supermarkets since the beginning of April 2024 except the price of Beef sirloin Hokubee at Bach Hoa Xanh. 

For Vietnamese beef, the lowest price for beef fillet was at Winmart supermarket at 358 thousand VND/kg, and the lowest price for beef shank was 376 thousand VND/kg at Co.op mart.

As for Australian beef, the lowest price for beef shank was at Homefarm at 230 thousand VND/kg, and the lowest price for Shoulder clod was 334 thousand VND/kg at Go mart. The price of Hokubee beef sirloin has increased at Bach Hoa Xanh supermarket to 828 thousand VND/kg.
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<![CDATA[weekly cattle and beef market update from vietnam]]>Thu, 18 Apr 2024 04:13:20 GMThttp://asiabeef.network/market-news/weekly-cattle-and-beef-market-update-from-vietnamVietnamese version
In week 15, the average price of beef thigh remained unchanged compared to the previous week at 202.6 thousand VND/kg. The average price of beef fillet was 225.3 thousand VND/kg, a slight increase of 0.1% compared to the previous week.

  • In week 15, the price of live-weight cattle was 82.3 thousand VND/kg, a slight decrease of 0.8% compared to the previous week.
  • According to local traders, in week 15, the prices of live-weight cattle increased compared to the previous week with prices comparatively higher in the north than the south. Of these, the price of BBB cattle in the North was 78-82 thousand VND/kg and 74-75 thousand VND/kg in the South. The price of Charolais cattle in the North was 78-80 thousand VND/kg and 72-74 thousand VND/kg in the South.

In week 16, the prices of Vietnamese beef at supermarkets remained unchanged compared to the previous week. These prices were maintained for 2 consecutive weeks. The lowest prices of beef fillet and beef thigh were recorded at Winmart at 358 thousand VND/kg and 340 thousand VND/kg, respectively. The lowest price of brisket navel end was recorded at Go Mart at 240 thousand VND/kg.

In week 16, the prices of Australian beef remained unchanged compared to the previous week. The lowest prices of beef shank and beef brisket were recorded at Home Farm at 230 thousand VND/kg and 289 thousand VND/kg, respectively. The price of Hokubee cube roll at Bach Hoa Xanh was still highly discounted at 780 thousand VND/kg as compared to 916 thousand VND/kg in Week 12.
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<![CDATA[bi-Weekly cattle and beef market update from vietnam (April 1-12, 2024)]]>Thu, 11 Apr 2024 10:51:14 GMThttp://asiabeef.network/market-news/bi-weekly-cattle-and-beef-market-update-from-vietnam-april-1-12-2024Vietnamese version

In week 14, the average prices of beef thigh and beef fillet both increased compared to the previous month. The price of beef fillet was 225.2 thousand VND/kg, an increase of 0.7% compared to week 13. The price of beef thigh was 202.6 thousand VND/kg, an increase of 1.1% compared to week 13.

  • In week 14, the price of live-weight cattle was 83 thousand VND/kg, a slight increase of 0.6% compared to the previous week.
  • In week 14, for local cattle/F1 brahman, the lowest price was recorded in Central-Highland at 64 thousand VND/kg, while the highest price was in the North at 73 thousand VND/kg. For BBB cattle, the lowest price was recorded in the South at 74 thousand VND/kg, whereas the highest price was in the North at 84 thousand VND/kg.

In week 15, the prices of Vietnamese and Australian beef at supermarkets remained unchanged compared to the previous week.In particular, Co.op Mart, Win Mart and Vissan Mart were the three supermarkets that have maintained the most stable prices since the beginning of 2024.

For Vietnamese beef, the lowest prices of beef shank, beef fillet, and beef thigh were recorded at Covifood at 240 thousand VND/kg, 270 thousand  VND/kg, and 220 thousand VND/kg, respectively.

For Australian beef, the lowest price of beef shank was recorded at HomeFarm at 230 thousand VND/kg. The lowest price of shoulder clod was recorded at Go Mart at 334 thousand VND/kg. The lowest price of beef brisket was at Covifood at 240 thousand VND/kg.
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<![CDATA[weekly cattle and beef market update from vietnam (April 1-5, 2024)]]>Sun, 07 Apr 2024 22:20:00 GMThttp://asiabeef.network/market-news/weekly-cattle-and-beef-market-update-from-vietnam-april-1-5-2024Vietnamese version
In week 13, the average prices of beef thigh and beef fillet both decreased compared to week 12. The price of beef thigh was 200.3 thousand VND/kg - the lowest price since the beginning of 2024, a decrease of 0.6% compared to week 12. The price of beef fillet was 223.6 thousand VND/kg, a decrease of 3.2% compared to week 12.
  • Since the beginning of 2024, the price of live-weight cattle has remained relatively stable, fluctuating between 82 thousand VND/kg (in week 11) and 83.7 thousand VND/kg (in week 1). In week 13, the price of live-weight cattle was 82.5 thousand VND/kg, a slight increase of 0.6% compared to the previous week.
  • According to local traders, in week 13, the prices of BBB cattle and Charolais cattle increased compared to the previous week. Specifically, in the week, the price of BBB cattle in the North was 78-82 thousand VND/kg and the price in the South was 74-75 thousand VND/kg. The price of Charolais cattle in the North was 78-80 thousand VND/kg and the price in the South was 72-74 thousand VND/kg.

In week 14, the prices of Vietnamese beef at supermarkets remained stable compared to the previous week, except at Go Mart, which reported an increase in the prices of beef fillet and beef thigh and a decrease in the price of brisket navel end. Co.op Mart and Winmart are the two supermarkets with the least price fluctuations since the beginning of 2024.
The lowest price of brisket navel end was recorded at Go Mart at 240 thousand VND/kg. The lowest prices of beef fillet and beef thigh were recorded at Win Mart at 358 thousand VND/kg and 340 thousand VND/kg, respectively.
​In week 14, the prices of Australian beef at Go Mart increased by 30-40 thousand VND/kg compared to week 13. The lowest prices of Australian beef shank and beef brisket were recorded at Home Farm at 230 thousand VND/kg and 289 thousand VND/kg, respectively. Hokubee beef sirloin at Bach Hoa Xanh was priced at 712 thousand VND/kg, which is the lowest price since the beginning of 2024.
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<![CDATA[Monthly report of vietnam's cattle and beef market (March 2024)]]>Tue, 02 Apr 2024 04:55:04 GMThttp://asiabeef.network/market-news/monthly-report-of-vietnams-cattle-and-beef-market-march-2024Vietnamese version

The total value of Vietnam's livestock product exports in February 2024 reached 9.8 million USD, a 36% decrease compared to the previous month and a 18% decrease compared to the same period in 2023.

In February 2024, Vietnam's primary livestock product exports include fresh, chilled, or frozen pork (HS 0203) with a value of 5.03 million USD; and processed or preserved meat and meat by-products (HS 1602) with a value of 3.3 million USD.

Most of the meat products exported in February decreased compared to the previous month, except the edible offal of bovine animals (HS 0206), which increased by 45%. Export of frozen meat of bovine animals decreased by 27% compared to January 2024.
In February 2024, Hong Kong and Japan were the two largest export markets for Vietnam with values of 5.3 million USD and 2.4 million USD, respectively. However, exports to Australia experienced a sharp decline of 95%, constituting a very small proportion of 0.01% of Vietnam’s total livestock product exports. Notably, during this month, the export value to the Japanese market surged by 34%, while exports to the United States also increased by 75% compared to the same month (February) of the previous year. 

In February 2024, Hong Kong was the primary export market for fresh, chilled, or frozen pork, accounting for an impressive 96.8% of the total value. Meanwhile, Japan received the majority of processed or preserved meat and meat by-products (after being slaughtered and processed)(HS 1602), constituting 71.9% of the overall export value, and 13.5% of exports went to Hong Kong. Additionally, fresh, chilled, or frozen other meat and edible meat offal (HS 0208), were predominantly exported to Belgium and France, making up 59.6% and 24.8%, respectively.
In February 2024, Vietnam’s total value of livestock product imports reached 108 million USD, experiencing a 32% decrease compared to the previous month but a 3.2% increase compared to the same period in 2023.

In February 2024, most of the meat products imported of Vietnam decreased compared to the previous month, of which, frozen buffalo and cattle meat (HS 0202) with a value of 50.4 million USD were imported, representing a 33% decrease compared to the previous month. Import of processed or preserved meat and meat by-products of the heading HS 0105, whether fresh, chilled, or frozen (HS 0207) was valued at 17.6 million USD, experiencing a 31% decrease compared to the previous month. Meat and edible by-products after slaughter (HS 0206), with a value of 16.6 million USD, showed a 17% decrease compared to the previous month. Imports of live cattle (HS 0102) in February 2024 amounted to 11.1 million USD, which is a 30% decrease compared to January 2024. The import value of fresh or chilled buffalo and cattle meat (HS 0201) was 1.35 million USD, showing a 40% decline compared to the previous month. 

In February 2024, Vietnam imported livestock products worth USD 44 million from India, 18 million USD from the EU, and USD 14 million from Australia. Imports from India decreased by 11%, while imports from the EU increased by 127%, and imports from Australia increased by 33% compared to the same period last year.

This month, Australia and Thailand were the largest sources of live cattle, accounting for 67.1% and 32.9% of the imports, respectively. In terms of fresh or chilled cattle meat, Australia dominated the market with an 81.4% share. Meanwhile, India was the leading supplier of frozen buffalo and beef meat, accounting for 81.6% of Vietnam's imports.

In February 2024, Vietnam's imports of livestock products from Australia reached 14.5 million USD, experiencing a 43% decrease compared to the previous month but a 33% increase compared to the same period last year. The most significant items among these imports were live cattle and frozen bovine meat, with import values of 7.4 million USD and 3.98 million USD, respectively.

In February 2024, Vietnam's imports of beef and cattle from Australia reached 13.1 million USD, a 45.1% decrease compared to last month and a 29% increase compared to the same period of 2023.

Most of the meat and live cattle products imported by Vietnam from Australia in February 2024 decreased compared to the same period last year, except for live cattle. Imports of live cattle reached 13.2 million USD, a 93% increase compared to the same period last year. Following closely were boneless frozen cattle meat with an import value of 3.9 million USD.
  • In February 2024, most of the frozen bovine meat imports from Australia to Vietnam decreased compared to the previous month. Import of live bovine animals decreased by 44% compared to the previous month.
  • The price of imported beef products from Australia to Vietnam in February 2024 showed a tendency to decrease compared to the previous month, except for live bovine animals.
  • The top 5 enterprises importing beef and livestock products from Australia, based on value, accounted for 29.5% of the total volume of cattle and beef products imported from Australia in February 2024.

In week 12, the average prices of beef thigh and beef fillet both increased slightly compared to week 11. The beef thigh was priced at 201.4 thousand VND/kg, showing a 0.1% increase, while beef fillet was priced at 231 thousand VND/kg, with a 1.2% increase compared to week 11.

​In week 12, the average price of live weight cattle remained the same as in the previous week at 82 thousand VND/kg. According to local traders, the prices of BBB cattle and Charolais cattle remained unchanged since week 11 up to now.

In week 12, the number of cattle at feedlots remained stable, ranging from a minimum of 100 to a maximum of 8,000 animals. Meanwhile, at the abattoirs, the average daily slaughter ranged from a minimum of 5 to a maximum of 30 animals.
  • In week 12, at the abattoirs, the price of Australian cattle ranged from 73-77 thousand VND/kg, the price of local cattle/F1 brahman was 60-73 thousand VND/lg, the price of BBB cattle was 72-83 VND/kg.
  • For traders, the price range of Australian cattle in week 12 was from 75-77 thousand VND/kg, Thai Brahman was 73-74 thousand VND/kg, and BBB cattle was 72-81 thousand VND/kg.
  • Regarding feedlots, the prices in week 12 ranged between 76-77 thousand VND/kg for Australian cattle, and 72-78 thousand VND/kg for BBB cattle.
In week 12, at the abattoirs, the lowest price for BBB cattle in the Central and Central Highland regions was 170 thousand VND/kg, while the highest price in the North was 190 thousand VND/kg. The lowest price for local cattle in the North was 170 thousand VND/kg, while the highest price was recorded in the North and Central - Highland regions at 180 thousand VND/kg.

  • Prices for Cambodian cattle in the border area in week 12 varied from 45 to 50 thousand VND/kg for animals weighing approximately 230 kg. For animals weighing approximately 350 kg, the prices ranged from 52-53 thousand VND/kg.
  • When it came to slaughter cattle, the prices for animals weighing between 450 and 500 kg ranged from 56 to 58 thousand VND/kg in week 12, while the prices for cattle weighing between 600 and 700 kg ranged from 62-64 thousand VND/kg.

In week 13, the price of Vietnamese beef and Australian beef at supermarkets remained stable compared to the previous week. The price of Vietnamese beef at Covi food was lower than at other supermarkets, of which, the price of beef shank was 240 thousand VND/kg, the price of beef fillet was 270 thousand VND/kg, the price of beef thigh was 220 thousand VND/kg.
The lowest price for Australian beef shank was at Home Farm at 230 thousand VND/kg. The lowest price for Australian beef brisket was at Vissan Mart at 240 thousand VND/kg. Beef Sirloin Hokubee was priced at 828 thousand VND/kg at Home Farm.
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<![CDATA[weekly cattle and beef market update from vietnam (march 18-22, 2024)]]>Sun, 24 Mar 2024 22:12:21 GMThttp://asiabeef.network/market-news/weekly-cattle-and-beef-market-update-from-vietnam-march-18-22-2024Vietnamese version
In week 11, the average prices of beef thigh and beef fillet decreased marginally compared to the previous week. The price of beef thigh was 201.2 thousand VND/kg, a decrease of 0.1% compared to week 10. The price of beef fillet was 228.3 thousand VND/kg, a decrease of 0.3% compared to week 10.
  • The average price in week 11 of live-weight cattle was 82,000 VND/kg, a 0.8% decrease compared to the previous week. Since the beginning of 2024, the price of live-weight cattle has remained stable, fluctuating between 82,000 and 83,700 VND/kg.
  • According to local traders, the prices of BBB cattle and Charolais cattle in the North were higher than in the South. Specifically, in week 11, the price of BBB cattle in the North was 75-81 thousand VND/kg and the price in the South was 72-76 thousand VND/kg. The price of Charolais cattle in the North was 75-78 thousand VND/kg and the price in the South was 68-70 thousand VND/kg.

In week 12, the prices of Vietnamese beef at supermarkets remained stable compared to the previous week. The prices of beef products in Covifood were the lowest among the supermarkets, of which, the price of beef thigh was 220 thousand VND/kg, beef fillet was 270 thousand VND/kg, and beef shank was 240 thousand VND/kg. The price of brisket navel end was 258 thousand VND/kg at both Go Mart and Co.op Mart.
​In week 12, the prices of Australian beef were stable at most supermarkets except Homefarm where the price of beef shank increased to 230 thousand VND/kg. However, the price of beef shank recorded at Homefarm at 230 thousand VND/kg was the lowest amongst the supermarkets. The lowest price of beef brisket was at Go Mart at 285 thousand VND/kg.
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<![CDATA[Bi-weekly beef and cattle market update from Vietnam (March 4-15, 2024)]]>Mon, 18 Mar 2024 01:47:42 GMThttp://asiabeef.network/market-news/bi-weekly-beef-and-cattle-market-update-from-vietnam-march-4-15-2024Vietnamese version

In week 10 (Mar 4-8), the average price of beef fillet was 229 thousand VND/kg, which is an 8.3% increase compared to the previous week. The price of beef thigh increased slightly by 0.1% compared to last week to 201.3 thousand VND/kg.

  • The average price in week 10 of live-weight cattle was 82.7 thousand VND/kg, an increase of 0.1% compared to the previous week.
  • For local cattle, in week 10, the lowest price was recorded in Central-Highland at 60 thousand VND/kg, while the highest price was in the North at 73 thousand VND/kg. For BBB cattle, the lowest price was recorded in the South at 72 thousand VND/kg, whereas the highest price was in the North at 83 thousand VND/kg.

In week 11 (Mar 11-15), the prices of Vietnamese beef at supermarkets were relatively stable compared to the previous week, except at the Go Mart where the price of beef fillet increased to 337 thousand VND/kg and the price of beef thigh decreased to 324 thousand VND/kg. The lowest prices of beef shank and beef fillet were recorded at Covifood at 240 thousand VND/kg and 270 thousand VND/kg, respectively.

At Go Mart, the prices of Australian beef shank and shoulder clod fluctuated slightly. Specifically, the price of Australian beef shank decreased to 263 thousand VND/kg and the price of Australian shoulder clod increased by 40 thousand VND/kg compared to the previous week to 285 thousand VND/kg. Similarly, the price of Chuck Crest decreased to 299 thousand VDN/kg and the price of Beef Sirloin Hokubee increased to 828 thousand VND/kg at Home Farm. 
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