Voluntary Report - public distribution

**Date:** 01/25/2005

**GAIN Report Number:** VM5004

VM4061

**Vietnam**

**Grain and Feed**

**Rice Weekly Update**

**2004**

**Approved by:**

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

**Prepared by:**

Tran Quoc Quan

Report Highlights: Export prices were further USD5-7/mt higher from
previous period. Prices are expected to stay firm till peak harvest of
Winter-Spring crop, the main Vietnamese rice crop, expected by mid
February.

Includes PSD Changes: No

Includes Trade Matrix: No

Unscheduled Report

Ha Noi \[VM1\]

\[VM\]

**Indicative Price (Week ending January 21, 2005)**

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>(Jan. 14)</p></td>
</tr>
<tr class="odd">
<td>5</td>
<td>255</td>
<td>255</td>
<td>256</td>
<td>258</td>
<td>260</td>
<td>262</td>
<td>262</td>
<td>258.29</td>
<td>251.57</td>
</tr>
<tr class="even">
<td>10</td>
<td>253</td>
<td>253</td>
<td>253</td>
<td>255</td>
<td>256</td>
<td>258</td>
<td>258</td>
<td>255.14</td>
<td>249.57</td>
</tr>
<tr class="odd">
<td>15</td>
<td>250</td>
<td>250</td>
<td>250</td>
<td>250</td>
<td>252</td>
<td>252</td>
<td>252</td>
<td>250.86</td>
<td>245.86</td>
</tr>
<tr class="even">
<td>25</td>
<td>246</td>
<td>246</td>
<td>246</td>
<td>246</td>
<td>248</td>
<td>248</td>
<td>248</td>
<td>246.86</td>
<td>242.14</td>
</tr>
</tbody>
</table>

Source: Average indicative prices from exporters

Export prices were further USD5-7/mt higher from previous period. Prices
are expected to stay firm till peak harvest of Winter-Spring crop, the
main Vietnamese rice crop, expected by mid February.

Local paddy price was quoted at VND2,450/kg, up VND50 from previous
week. Some quantity of fresh paddy of Winter--Spring crop has been
harvested and sold at around VND2,550/kg

(Prevalent exchange rate is \$1 equal to VND 15,788 as of January 20,
2004)

**Exports**

######## The following are reported rice exports (metric tons) from Jan. 08 to Jan. 14, 2005.

+--------------+-----------+-----------+---------------+--------------+
| **Week       | **Q       | **4-WK    | **Year to     | **Year ago** |
| ending**     | uantity** | Avg.**    | date**        |              |
+--------------+-----------+-----------+---------------+--------------+
| #######      | 94,000    | 75,000    | 3,732,000     | 3,759,000    |
|  December 03 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| #######      | 20,000    | 70,000    | 3,752,000     | 3,783,000    |
|  December 10 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| #######      | 74,000    | 71,250    | 3,826,000     | 3,793,000    |
|  December 17 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| #######      | 63,000    | 62,750    | 3,889,000     | 3,795,000    |
|  December 24 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| #######      | 87,000    | 61,000    | 3,976,000     | 3,803,000    |
|  December 31 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| ######       | 37,000    | 65,250    | 37,000        | 3,200        |
| # January 07 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| ######       | 26,000    | 53,250    | 63,000        | 5,000        |
| # January 14 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+

According to Ministry of Trade (MOT), there is an additional quantity of
80,000 metric tons of rice demand from NFA, The Philippines, after
recent contracts of 320,000 metric tons. NFA wanted Vietnam selling the
above 80,000 mts with the same contractual price and conditions for
320,000 metric tons. There are 4 vessels loading at Saigon port, Ho Chi
Minh City for The Philippines as a part of 320,000 metric tons
contracts.

End of report