Voluntary Report - public distribution

**Date:** 05/17/2004

**GAIN Report Number:** VM4028

VM4018

**Vietnam**

**Grain and Feed**

**Rice Weekly Update**

**2004**

**Approved by:**

![](media/image1.wmf)Henry Schmick

U.S. Embassy

**Prepared by:**

Tran Quoc Quan

**Report Highlights:** The price of Vietnamese 25% broken rice firmed-up
in early May due to the Philippines's rice tender.

Includes PSD Changes: No

Includes Trade Matrix: No

Unscheduled Report

Hanoi \[VM1\]

\[VM\]

**Indicative price (Week ending May 14, 2004)**

Vietnam rice export prices (FOB basis) for various grades

<table>
<colgroup>
<col style="width: 13%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 11%" />
<col style="width: 18%" />
</colgroup>
<tbody>
<tr class="odd">
<td rowspan="2"><p>Grade</p>
<p>% Broken</p></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td colspan="2">Period Averages</td>
</tr>
<tr class="even">
<td>#1</td>
<td>#2</td>
<td>#3</td>
<td>#4</td>
<td>#5</td>
<td>#6</td>
<td>#7</td>
<td>Current Average</td>
<td>Previous (May 07)</td>
</tr>
<tr class="odd">
<td>5</td>
<td>238</td>
<td>238</td>
<td>238</td>
<td>236</td>
<td>236</td>
<td>236</td>
<td>238</td>
<td>237.14</td>
<td>238.00</td>
</tr>
<tr class="even">
<td>10</td>
<td>235</td>
<td>235</td>
<td>235</td>
<td>234</td>
<td>234</td>
<td>234</td>
<td>235</td>
<td>234.57</td>
<td>235.29</td>
</tr>
<tr class="odd">
<td>15</td>
<td>230</td>
<td>230</td>
<td>230</td>
<td>230</td>
<td>230</td>
<td>230</td>
<td>230</td>
<td>230.00</td>
<td>230.00</td>
</tr>
<tr class="even">
<td>25</td>
<td>223</td>
<td>223</td>
<td>227</td>
<td>227</td>
<td>225</td>
<td>225</td>
<td>226</td>
<td>225.14</td>
<td>222.86</td>
</tr>
</tbody>
</table>

Source: Average indicative prices from exporters

The export prices of 25% broken rice increased by \$2-4/mt compared with
prices quoted last week most likely due to a rice tender by the
Philippines's government. Out of the total tender of 190 tmt, seven of
Vietnam's rice exporters have won a portion of 100 tmt of 25% broken
rice.

**Exports**

######## The following are reported rice exports (metric tons) from May 01 to May 07, 2004

+--------------+-----------+-----------+---------------+--------------+
| **Week       | **Q       | **4-WK    | **Year to     | **Year ago** |
| ending**     | uantity** | Avg.**    | date**        |              |
+--------------+-----------+-----------+---------------+--------------+
| ####         | 278,000   | 150,175   | 870,000       | 815,000      |
| ### April 02 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| ####         | 112,000   | 156,750   | 982,000       | 884,000      |
| ### April 09 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| ####         | 268,000   | 202,750   | 1,250,000     | 970,000      |
| ### April 16 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| ####         | 30,000    | 172,000   | 1,280,000     | 1,120,000    |
| ### April 23 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| ####         | 125,000   | 133,750   | 1,405,000     | 1,267,000    |
| ### April 30 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| ##           | 97,000    | 130,000   | 1,502,000     | 1,318,000    |
| ##### May 07 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+

According to traders, Vietnam's January-June rice exports will reach
2.10 -- 2.15 million metric tons (mmt), 4% less than the amount (2.24
mmt) exported in the same period of 2003.

End of Report