weekly cattle and beef market update from vietnam (december 4-8, 2023)

Vietnamese version

In week 48, the average price of beef thigh increased again after a continuous decrease since week 37 until week 46. The price of beef thigh is 194,667 VND/kg, an increase of 2.8% compared to the previous week. In week 48, the average price of beef fillet also increased slightly by 0.9% compared to week 47 to 227,222 VND/kg.

The average price of live-weight cattle ​in week 48 was 84,500 VND per kilogram, which is a 1.7% decrease from the previous week. Regionally, price differentials are observed with the south recording comparatively lower prices. According to local traders, the lowest price of BBB cattle in the South was 75,000 VND/kg, and the highest price in the North was 86,000 VND/kg.

​​In week 49, the prices of beef thigh in Go Mart and Winmart increased slightly compared to the previous week at 357,000 VND/kg and 345,000 VND/kg, respectively. The prices of other types of Vietnamese beef remained unchanged at the supermarkets compared to week 48.

Bach Hoa Xanh is one of the supermarkets with the most stable Australian beef prices over the past 2 months. However, in week 49, the price of stir-fried beef Pacow at this supermarket decreased to 468,000 VND/kg compared to the price of 516,000 VND/kg in week 48. The price of shoulder clod at Go Mart increased slightly compared to the previous week to 334,000 VND/kg. The prices of other Australian beef varieties in supermarkets were stable compared to week 48.