weekly cattle and beef market update from vietnam (December 18-22, 2023)

Vietnamese version

​In week 50, the price of beef thigh was 194,000 VND/kg, an increase of 1% compared to the previous week. The price of beef fillet decreased by 1.1% to 224,500 VND/kg.

In week 50, the average price of live-weight cattle decreased slightly compared to week 49 to 82,600 VND/kg, a decrease of 0.5%. This is the lowest price since week 41.
According to local traders, for BBB cattle, the lowest price was recorded in the South, ranging from 75,000 VND/kg to 77,000 VND/kg. For Charolais cattle, the highest price was in the North, ranging from 72,000 VND/kg to 75,000 VND/kg.

In week 51, Vietnamese beef prices at supermarkets were relatively stable. Co.op Mart and Bach Hoa Xanh are two supermarkets whose prices have remained unchanged for the past 3 months. This week, beef prices at Go Mart supermarket fluctuated the most. Specifically, the price of beef shank increased compared to last week, reaching 373,000 VND/kg, which is also the highest price since September 2023. The price of beef brisket navel end and beef thigh decreased compared to week 50. The price of beef thigh decreased sharply in week 51 to 296,000 VND/kg.

 
In week 51, Australian beef prices remained unchanged at supermarkets, except for the price of beef shank at Home Farm, which decreased by 10,000 VND/kg compared to the previous week to 239,000 VND/kg.