Voluntary Report - public distribution

**Date:** 04/18/2006

**GAIN Report Number:** VM6020

VM5075

**Vietnam**

**Grain and Feed**

**Rice Weekly Update**

**2006**

**Approved by:**

![](media/image1.wmf)John Wade- US Embassy

#### FAS, US CON

**Prepared by:**

Tran Quoc Quan

**Report Highlights:**

Export prices stayed at low levels in the week due to a quiet export
market. As a result, Vietnam Food Association, anticipating better
prices, has again advised both farmers to stop selling rice as well as
exporters to delay signing export contracts.

Includes PSD Changes: No

Includes Trade Matrix: No

Unscheduled Report

Hanoi \[VM1\]

\[VM\]

**Indicative Price (Week ending April 14, 2006)**

Vietnam Rice Export Prices (FOB basis) for various grades

<table>
<colgroup>
<col style="width: 14%" />
<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: 12%" />
<col style="width: 14%" />
</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><p>Previous</p>
<p>(Apr.07)</p></td>
</tr>
<tr class="odd">
<td>5</td>
<td>240</td>
<td>242</td>
<td>243</td>
<td>242</td>
<td>242</td>
<td>240</td>
<td>242</td>
<td>241.57</td>
<td>241.86</td>
</tr>
<tr class="even">
<td>10</td>
<td>238</td>
<td>238</td>
<td>240</td>
<td>238</td>
<td>240</td>
<td>238</td>
<td>240</td>
<td>238.86</td>
<td>238.86</td>
</tr>
<tr class="odd">
<td>15</td>
<td>232</td>
<td>234</td>
<td>235</td>
<td>232</td>
<td>233</td>
<td>232</td>
<td>232</td>
<td>232.86</td>
<td>233.14</td>
</tr>
<tr class="even">
<td>25</td>
<td>225</td>
<td>228</td>
<td>230</td>
<td>228</td>
<td>228</td>
<td>227</td>
<td>226</td>
<td>227.43</td>
<td>227.71</td>
</tr>
</tbody>
</table>

Source: Trade

Export prices stayed at low levels in the past week due to a quiet
export market. According to Saigon Giai Phong, a local news paper, the
Vietnam Food Association, anticipating better prices, has again advised
both farmers to stop selling rice as well as exporters to delay signing
export contracts.

Local paddy prices are at VND2,050-2,200/kg, down VND50-150/kg compared
with last week. The harvest is still going on and purchasing demand from
local exporters is weak.

(Exchange rate was \$1 to VND15,927 as of April 14, 2006. Up VND3 from
15,924 last week)

**Exports**

######## The following are reported rice exports (metric tons) from April 01 to April 07, 2006.

  --------------- ------------ ------------ ---------------- ---------------
  Week ending     Quantity     4-WK Avg.    Year to date     Year ago

  Jan. 06         35,500       29,875       12,000           37,250

  Jan. 13         92,500       48,750       104,500          63,000

  Jan. 27         104,600      58,150       209,100          247,000

  Feb. 03         102,000      83,650       301,000          N.A.

  Feb. 10         35,500       83,650       336,500          285,000

  Feb. 17         102,500      86,150       439,000          355,000

  Feb. 24         67,000       76,750       506,000          434,400

  Mar. 03         89,000       73,500       595,000          579,000

  Mar. 10         92,000       87,625       687,000          627,000

  Mar. 17         177,000      106,250      864,000          729,000

  Mar. 24         202,000      140,000      1,066,000        852,000

  Mar. 31         110,000      145,250      1,176,000        1,030,000

  Apr. 07         70,000       139,750      1,246,000        1,108,000
  --------------- ------------ ------------ ---------------- ---------------

According to another local news agency, Vneconomy, Vietnam and Thailand
have agreed to cooperate in order to improve both countries export
volumes and to stabilize rice prices on th international market. This
includes Thailand supporting Vietnamese efforts to enhance Vietnam rice
quality through improvement in post harvest management. Vneconomy also
says that Vietnam projects exports of around 5 million metric tons in
calendar year 2006.

End of report