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Market NEWS

 weekly updates from vietnam and south east asia

Weekly cattle and beef market update from vietnam (November 20-24, 2023)

24/11/2023

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Vietnamese version
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.
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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.
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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.
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bi-weekly cattle and beef market update from vietnam (nov 6-17, 2023)

21/11/2023

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Vietnamese version
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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.

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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.
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weekly cattle and beef market update from vietnam (november 6-10, 2023)

11/11/2023

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Vietnamese version
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.
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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.
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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.
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VIETNAm's Beef and Cattle Market Monthly Report (october 2023)

7/11/2023

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Vietnamese version
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Vietnam's total export value of livestock products in September 2023 reached 14.8 million USD, a decrease of 25.3% over the previous month and an increase of 52.8% over the same period in 2022. 

In September 2023, meat of swine, fresh, chilled or frozen; other prepared or preserved meat, meat offal or blood; and meat and edible meat offal, salted, in brine, dried or smoked - edible flours and meals of meat or meat offal were Vietnam's main export livestock products with value of 5.06 million USD, 3.56 million USD, and 2.09 million USD, respectively. Besides, there was no recorded export of live bovine animals (HS 0102) in September from Vietnam.
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​Hong Kong and ASEAN are Vietnam's largest export markets, with export values of 51.8 million USD and 29.2 million USD respectively in the first 9 months of 2023. Exports to Australia during the same period only reached 94 thousand USD, which accounted for only 0.07% of Vietnam's total livestock exports, an increase of 9% compared to the first 9 months of 2022.

Meat of swine, fresh, chilled or frozen is one of the main export products in September 2023. Of which, Hong Kong is the main export market, accounting for 98% of total export value.
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​Vietnam imported livestock products worth $168.5 million in September 2023, a 0.2% increase from the previous month but a 4.4% decrease from the same period in 2022.

In September 2023, meat of bovine animals, frozen and meat of swine, fresh, chilled or frozen are the two most imported livestock products with values of 63.7 million USD and 33.5 million USD, respectively. However, imports of meat of bovine animals (fresh or chilled) almost halved compared to the previous month. Live bovine animals export was valued at 13 million, also showing a significant decrease in the value by 52% compared to the previous month. 
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In the first 9 months of 2023, India and Australia were the two largest livestock product supply markets for Vietnam, with import values of 352 million USD and 214 million USD, respectively. Compared to the first 9 months of 2022, imports from India decreased by 7% and imports from Australia increased by 23%.

Live bovine animals and fresh, chilled, or frozen meat (bovine meat and pork) were the main imported items in September. Almost 100% of the live cattle were sourced from Australia in September.  As for meat, 76.4% 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 76.2%.
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​​In September 2023, Vietnam's imports of livestock products from Australia reached 25 million USD. Of which, live bovine animals and meat of bovine animals, frozen were the most imported products, with import values of 13 million USD and 7.3 million USD, respectively.
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​​Vietnam's import value of beef and cattle from Australia in September 2023 was 23.2 million USD, a decrease of 40.3% from the previous month, but an increase of 11% compared to the same period in 2022.
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From January to September 2023, the most imported product was live bovine animals (not for breeding), with an import value of 129 million USD. This figure represents a 61% 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.
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  • In September 2023, there was a significant decrease in the import of live cattle and beef products from Australia, compared to August. Among the products that saw a strong decrease were live bovine animals (down 52%), fresh/chilled boneless meat (down 51%), and chilled/frozen edible offal (down 41%).
  • Australia's frozen beef export prices to Vietnam increased in September, while prices for other beef products declined.
  • The top 5 enterprises that imported beef and cattle products from Australia, by value, accounted for 20.5% of the total cattle and beef products imported from Australia in September 2023.
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During week 43, the price of beef thighs experienced a significant drop to 196,000 VND per kilogram. This marks a 4.6% decrease compared to the previous week and is also the lowest price observed so far in 2023. The price of beef fillet observed a minor decrease of 0.6% compared to the previous week, reported at 226,000 VND per kilogram in Week 43. 

In week 43, the average price of live-weight cattle was 85,000 VND/kg, down 1.2% compared to week 42.
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​​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 40) and 5 animals in a day (week 42) whereas the biggest slaughtered 30 animals in a day.
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  • Prices of all cattle breeds at abattoirs in weeks 40 and 42 fluctuated slightly, ranging from 1,000 - 4,000 VND/kg.
  • For Australian cattle at feedlots, the lowest price in week 42 is 77,000 VND/kg, an increase of 1,000 VND/kg compared to week 40. For BBB cattle, the highest price in week 42 is 84,000 VND/kg, down 1,000 VND/kg compared to week 40.
  • For traders, the price of Thai Brahman cattle has a relatively large fluctuation range, the highest selling price in week 40 was at 82,000 VND/kg while in week 42 it decreased to 76,000 VND/kg. The price range of BBB and Australian cattle did not fluctuate much, ranging from 1,000 - 2,000 VND/kg.
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Live cattle selling prices were stable from weeks 40 to 42 except for BBB cattle breeds in South and Central Highlands. In the South, BBB cattle breed price went up by 2,000 VND/kg, and in the Central Highlands, it went down by 5,000 VND/kg.

  • During the 40th week, the prices of Cambodian cattle in the border area for animals weighing approximately 230 kg ranged from 50,000 to 55,000 VND/kg. Cattle weighing around 350 kg had a price range of 56,000 to 57,000 VND/kg. In week 42, the prices of Cambodian cattle remained similar to week 40, except for a slight increase of 1,000 VND/kg in the highest price of a cow weighing about 350 kg.
  • For slaughter cattle, the prices remained the same in weeks 40 and 42, which ranged from 62,000 to 65,000 VND/kg for animals weighing about 450-500 kg. For animals weighing 600-700 kg, the prices ranged from 64,000 to 66,000 VND/kg. 
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In week 44, the price of Vietnamese beef at supermarkets remained unchanged compared to the previous week, the highest price of beef fillet at Co.op Mart was 380,000 VND/kg, and the lowest price at Winmart was 358,000 VND/kg.
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Prices of Australian beef in Week 44 remained unchanged compared to the previous week except short plate Kiaora beef which increased to 385,000 VND per kg. 
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​A number of Asia Beef Network activities received grant funding from the Department of Foreign Affairs and Trade under the Australia-Vietnam Enhanced Economic Engagement Grant Program

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