weekly cattle and beef market update from vietnam (march 18-22, 2024)

Vietnamese version

In week 11, the average prices of beef thigh and beef fillet decreased marginally compared to the previous week. The price of beef thigh was 201.2 thousand VND/kg, a decrease of 0.1% compared to week 10. The price of beef fillet was 228.3 thousand VND/kg, a decrease of 0.3% compared to week 10.
​

• The average price in week 11 of live-weight cattle was 82,000 VND/kg, a 0.8% decrease compared to the previous week. Since the beginning of 2024, the price of live-weight cattle has remained stable, fluctuating between 82,000 and 83,700 VND/kg.
• According to local traders, the prices of BBB cattle and Charolais cattle in the North were higher than in the South. Specifically, in week 11, the price of BBB cattle in the North was 75-81 thousand VND/kg and the price in the South was 72-76 thousand VND/kg. The price of Charolais cattle in the North was 75-78 thousand VND/kg and the price in the South was 68-70 thousand VND/kg.

In week 12, the prices of Vietnamese beef at supermarkets remained stable compared to the previous week. The prices of beef products in Covifood were the lowest among the supermarkets, of which, the price of beef thigh was 220 thousand VND/kg, beef fillet was 270 thousand VND/kg, and beef shank was 240 thousand VND/kg. The price of brisket navel end was 258 thousand VND/kg at both Go Mart and Co.op Mart.

​In week 12, the prices of Australian beef were stable at most supermarkets except Homefarm where the price of beef shank increased to 230 thousand VND/kg. However, the price of beef shank recorded at Homefarm at 230 thousand VND/kg was the lowest amongst the supermarkets. The lowest price of beef brisket was at Go Mart at 285 thousand VND/kg.