weekly beef and cattle market update from vietnam (march 4-8, 2024)

Vietnamese version

In week 9, the average price of beef thigh was 201.1 thousand VND/kg, a 7.8% decrease compared to week 8. This is also the lowest price since September 2023, at par with the price of week 1/2024. Beef fillet price decreased sharply by 8.4% compared to last week to 211.5 thousand VND/kg, which is priced 13 to 20 thousand VND/kg higher than beef thigh.

• The average price in week 9 of live-weight cattle was 82.6 thousand VND/kg, a decrease of 0.5% compared to the previous week.
• According to local traders, the prices of BBB cattle and Charolais cattle in the North were higher than in the South. Specifically, in week 9, the price of BBB cattle in the North ranged between 77-81 thousand VND/kg, while the price in the South was between 72-76 VND/kg. The price of Charolais cattle in the North was between 75-78 thousand VND/kg, while the price in the South was between 68-70 thousand VND/kg. The prices of Charolais cattle and BBB cattle have been relatively stable from week 4 to week 9.

The price of Vietnamese beef at supermarkets remained unchanged in week 10 compared to the previous week. The lowest prices of beef fillet and beef thigh were at Go Mart at 319 thousand VND/kg and 333 thousand VND/kg, respectively. The lowest prices of beef shank and brisket navel end were at Co.op Mart at 376 thousand VND/kg and 258 thousand VND/kg, respectively.

The prices of Australian beef at supermarkets in week 10 remained unchanged compared to the previous week. Pacow beef products at Winmart and Bach Hoa Xanh were temporarily out of stock after the Lunar New Year 2024. This week, Hokubee cube roll is still on sale at Bach Hoa Xanh at only 816 thousand VND/kg. The lowest price of Hokubee beef sirloin was at Homefarm at 789 thousand VND/kg.