Voluntary Report - public distribution

**Date:** 06/30/2004

**GAIN Report Number:** VM4039

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:** As the peak harvest period (Vietnam's Mekong
River Delta Summer-Autumn rice crop) starts in July, market observers
expect export prices to fall slightly. The Vietnamese Government hopes
to hit their 2004 rice export target of 3.5 million metric tons.

Includes PSD Changes: No

Includes Trade Matrix: No

Unscheduled Report

Hanoi \[VM1\]

\[VM\]

**Indicative price (Week ending June 25, 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: 17%" />
</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>(Jun 18)</p></td>
</tr>
<tr class="odd">
<td>5</td>
<td>231</td>
<td>231</td>
<td>231</td>
<td>231</td>
<td>231</td>
<td>231</td>
<td>231</td>
<td>231.00</td>
<td>231.57</td>
</tr>
<tr class="even">
<td>10</td>
<td>227</td>
<td>227</td>
<td>227</td>
<td>227</td>
<td>227</td>
<td>227</td>
<td>227</td>
<td>228.86</td>
<td>228.86</td>
</tr>
<tr class="odd">
<td>15</td>
<td>224</td>
<td>224</td>
<td>224</td>
<td>224</td>
<td>224</td>
<td>224</td>
<td>224</td>
<td>224.00</td>
<td>225.14</td>
</tr>
<tr class="even">
<td>25</td>
<td>220</td>
<td>220</td>
<td>220</td>
<td>220</td>
<td>220</td>
<td>220</td>
<td>220</td>
<td>220.00</td>
<td>221.71</td>
</tr>
</tbody>
</table>

Source: Average indicative prices from exporters

Export prices were a little softer compared with those quoted last week,
because of weak demand from export markets.

The export prices will probably decline, a little, in July due to higher
exportable rice supplies hitting the market as the peak harvest of the
Summer-Autumn (S-A) crop in the Mekong River Delta (MRD) gets into full
swing.

The Government expects to hit their 2004 rice export target of 3.5
million metric tons (mmt).

To achieve that target, Vietnamese rice exporters need to sign
additional contracts for about 400 thousand metric tons (tmt) as,
reportedly, rice export contracts totaling 3.1 mmt have already been
signed.

As of the end of June, harvest of the main S-A rice in the MRD is
estimated at 300 thousand hectares or 20% of the planted area.

**Exports**

######## The following are reported rice exports (metric tons) from June 12 to June 18, 2004

+--------------+-----------+-----------+---------------+--------------+
| **Week       | **Q       | **4-WK    | **Year to     | **Year ago** |
| ending**     | uantity** | Avg.**    | date**        |              |
+--------------+-----------+-----------+---------------+--------------+
| ##           | 97,000    | 130,000   | 1,502,000     | 1,318,000    |
| ##### May 07 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| ##           | 83,000    | 83,750    | 1,585,000     | 1,395,000    |
| ##### May 14 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| ##           | 80,000    | 96,250    | 1,665,000     | 1,470,000    |
| ##### May 21 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| ##           | 110,000   | 92,500    | 1,775,000     | 1,610,000    |
| ##### May 28 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| ###          | 100,000   | 93,250    | 1,875,000     | 1,785,000    |
| #### June 04 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| ###          | 31,000    | 80,250    | 1,906,000     | 1,857,000    |
| #### June 11 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| ###          | 64,000    | 76,250    | 1,970,000     | 1,947,000    |
| #### June 18 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+

End of Report