weekly cattle and beef market update from vietnam (Apr 29-May 3, 2024)

In 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%.
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• 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.