Voluntary Report - public distribution

**Date:** 4/19/2004

**GAIN Report Number:** VM4023

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**: Prices are still quite high, due to tight
supplies. As of mid-April, Vietnam's YTD rice exports are estimated to
have exceeded 1.2 million metric tons.

Includes PSD Changes: No

Includes Trade Matrix: No

Unscheduled Report

Hanoi \[VM1\]

\[VM\]

**Indicative price (Week ending Apr. 16, 2004)**

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: 12%" />
</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 (Apr.9)</td>
</tr>
<tr class="odd">
<td>5</td>
<td>242</td>
<td>242</td>
<td>242</td>
<td>242</td>
<td>242</td>
<td>242</td>
<td>240</td>
<td>241.71</td>
<td>242.42</td>
</tr>
<tr class="even">
<td>10</td>
<td>237</td>
<td>237</td>
<td>237</td>
<td>237</td>
<td>237</td>
<td>237</td>
<td>236</td>
<td>236.86</td>
<td>237.00</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>222</td>
<td>222</td>
<td>225</td>
<td>225</td>
<td>225</td>
<td>225</td>
<td>222</td>
<td>223.71</td>
<td>220.57</td>
</tr>
</tbody>
</table>

Source: Average indicative prices from exporters

Although export prices were a little softer by the end of the week, they
remained at a high level. The prices are not expected to go down much
further due to tight supplies.

**Exports**

######## The following are reported rice exports from April 03 to April 09, 2004

+--------------+-----------+-----------+---------------+------------+
| **Week       | **Q       | **4-WK    | **Year to     | **Year     |
| ending**     | uantity** | Avg.**    | date**        | ago**      |
+--------------+-----------+-----------+---------------+------------+
| ###          | 68,200    | 53,687    | 269,300       | 445,000    |
| #### Mar. 05 |           |           |               |            |
+--------------+-----------+-----------+---------------+------------+
| ###          | 85,700    | 61,838    | 355,000       | 520,000    |
| #### Mar. 12 |           |           |               |            |
+--------------+-----------+-----------+---------------+------------+
| ###          | 84,000    | 68,500    | 439,000       | 618,000    |
| #### Mar. 19 |           |           |               |            |
+--------------+-----------+-----------+---------------+------------+
| ###          | 153,000   | 97,725    | 592,000       | 710,200    |
| #### Mar. 26 |           |           |               |            |
+--------------+-----------+-----------+---------------+------------+
| ####         | 278,000   | 150,175   | 870,000       | 815,000    |
| ### April 02 |           |           |               |            |
+--------------+-----------+-----------+---------------+------------+
| ####         | 112,000   | 156,750   | 982,000       | 884,000    |
| ### April 09 |           |           |               |            |
+--------------+-----------+-----------+---------------+------------+

As of mid April, Vietnam's YTD 2004 rice exports are estimated to have
exceeded 1.2 million metric tons. Rice traders are expecting they will
be able to sign new rice export contracts at higher prices, as Vietnam's
rice exporters are going to be able to fulfill their old (already
signed) rice export contracts.

End of Report