Weekly cattle and Beef market update from vietnam (oct 16-20, 2023)

​Vietnamese version

In week 41, the average prices of beef thigh and beef fillet decreased compared to the previous week, especially the price of beef thigh decreased for 4 consecutive weeks. The average price of beef thigh was 215,000 VND/kg, down 3.6% and the average price of beef fillet was 222,500 VND/kg, down 5.3% compared to week 40. Both the average price of beef thigh as well as beef fillet were the lowest recorded average prices of the year so far. 

The average price of live weight cattle in week 41 slightly increased, this is also the highest price since September 2023 and one of the highest average prices of the year. However, the average weekly prices were relatively stable so far throughout the year ranging between 80,000 – 86,625 VND/kg.  The average price of live weight cattle in Week 41 was 86,000 VND/kg, up 4.9% compared to week 40.

In week 42, Vietnamese beef prices were stable at most supermarkets, except for GO supermarket meat, which reported a slight increase in beef fillet prices by 1,000 VND/kg and beef shank prices by 2,000 VND/kg compared to week 41.

In week 42, Australian beef prices remained unchanged at most supermarkets, except at Winmart supermarket. The price of Brisket Navel End Pacow decreased from 424,000 VND/kg (week 41) to 388,000 VND/kg (week 42) and the price of Beef short plate Kiaora increased from 338,000 VND/kg (week 41) to 385,000 VND/kg (week 42).