weekly beef and cattle market update from vietnam (february 19-23)

Vietnamese version

In week 7, the average prices of beef thigh and beef fillet decreased compared to the previous week. The price of beef thigh was 203 thousand VND/kg, a 0.2% decrease compared to week 6. The price of beef fillet was 230 thousand VND/kg, a 1.4% decrease compared to week 6.
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• The average price in week 7 of live-weight cattle was 82.7 thousand VND/kg, an increase of 0.8% compared to the previous week.
• According to local traders, prices of BBB cattle and Charolais cattle in the South were lower than in the North. Specifically, in week 7, the price of BBB cattle in the South ranged between 72-76 thousand VND/kg, while the price in the North was between 77-81 thousand VND/kg. The price of Charolais cattle in the South was between 68-70 thousand VND/kg, while the price in the North was between 75-78 VND/kg. The price of Charolais cattle has been relatively stable from week 4 until now.

The price of Vietnamese beef at supermarkets remained unchanged in week 8 compared to the previous week, except for Go Mart, which quoted the price of brisket navel end to decrease by 8% compared to week 7 at 229 thousand VND/kg. All beef items at Bach Hoa Xanh were temporarily out of stock after the discount during the Lunar New Year 2024. The lowest price of beef fillet was at Winmart at 358 thousand VND/kg. The lowest price of beef shank was at Co.op Mart at 376 thousand VND/kg.

​The prices of Australian beef at supermarkets remained unchanged compared to the previous week. Pacow beef products at Bach Hoa Xanh were temporarily out of stock after the Lunar New Year 2024. The lowest prices of Hokubee beef sirloin, beef shank, and beef brisket were at Home Farm at 789 thousand VND/kg, 219 thousand VND/kg, and 289 thousand VND/kg, respectively.