Weekly cattle and beef market update from vietnam (january 15-19, 2024)

Vietnamese version

In week 2, 2024, the average price of beef thigh was 202.2 thousand VND/kg, an increase of 0.6% compared to the previous week. This is also the second consecutive week of increase since the sharp decrease starting in week 39, 2023. The average price of beef fillet was 228.3 thousand VND/kg, an increase of 7.9% compared to week 1,2024.
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• In week 2, 2024, the average price of live-weight cattle was 82.7 thousand VND/kg, a decrease of 1.3% 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 2, the price of BBB cattle in the South was 75-78 thousand VND/kg, while the price in the North was 78-86 thousand VND/kg. And the price of Charolais cattle in the South was 68-70 thousand VND/kg, while the price in the North was 75-78 VND/kg. The prices in the north were comparatively higher than in the south. 

​In week 3, the price of Vietnamese beef at supermarkets was relatively stable compared to the previous week, except at Go Mart where the price of beef fillet decreased by 20 thousand VND/kg to 338 thousand VND/kg.

The prices of Australian beef at supermarkets remained unchanged compared to the previous week. Bach Hoa Xanh supermarket continued the discount program ahead of the Lunar New Year 2024, offering reductions of 10 - 15% depending on items.