Voluntary Report - public distribution

**Date:** 01/04/2005

**GAIN Report Number:** VM4077

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:** Vietnam export prices were offered USD3-4/mt
higher from previous period. New deals were limited from short of
marketable rice quantity. For 2005, Ministry of Agriculture and Rural
Development (MARD) set plan for rice production is 36 million tons of
paddy and rice export is range from 3.8 to 4.0 million tons.

Includes PSD Changes: No

Includes Trade Matrix: No

Unscheduled Report

Ha Noi \[VM1\]

\[VM\]

**Indicative Price (Week ending December 31, 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: 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>(Dec. 24)</p></td>
</tr>
<tr class="odd">
<td>5</td>
<td>241</td>
<td>241</td>
<td>243</td>
<td>245</td>
<td>245</td>
<td>245</td>
<td>246</td>
<td>243.71</td>
<td>240.57</td>
</tr>
<tr class="even">
<td>10</td>
<td>238</td>
<td>238</td>
<td>240</td>
<td>243</td>
<td>243</td>
<td>243</td>
<td>244</td>
<td>241.29</td>
<td>238.14</td>
</tr>
<tr class="odd">
<td>15</td>
<td>236</td>
<td>236</td>
<td>237</td>
<td>239</td>
<td>239</td>
<td>239</td>
<td>240</td>
<td>238.00</td>
<td>236.00</td>
</tr>
<tr class="even">
<td>25</td>
<td>231</td>
<td>231</td>
<td>233</td>
<td>235</td>
<td>235</td>
<td>235</td>
<td>236</td>
<td>233.71</td>
<td>230.71</td>
</tr>
</tbody>
</table>

Source: Average indicative prices from exporters

Vietnam export prices were offered USD3-4/mt higher from previous period
when there is short of marketable rice quantity for new deals. Export
prices guided from Viet Food Association (VFA) were around USD2/mt
higher compare with offered prices.

Local paddy price was quoted at VND2,400/kg, VND50/kg higher from last
period and VND150/kg higher compare with early December.

(Exchange rate is \$1 equal to VND 15,782 as of December 31, 2004)

**Exports**

######## The following are reported rice exports (metric tons) from Dec. 18 to Dec. 24, 2004.

+--------------+-----------+-----------+---------------+--------------+
| **Week       | **Q       | **4-WK    | **Year to     | **Year ago** |
| ending**     | uantity** | Avg.**    | date**        |              |
+--------------+-----------+-----------+---------------+--------------+
| #######      | 59,000    | 54,000    | 3,432,000     | 3,679,000    |
|  November 05 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| #######      | 40,000    | 50,500    | 3,472,000     | 3,680,000    |
|  November 12 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| #######      | 69,000    | 53,500    | 3,541,000     | 3,694,000    |
|  November 19 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| #######      | 97,000    | 66,250    | 3,638,000     | 3,744,000    |
|  November 26 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| #######      | 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 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+

According to Ministry of Agriculture and Rural Development (MARD), on
December 27, 2004, Viet Food Association reported that Vietnam rice
export in 2004 is expectedly between 3.95 -- 3.97 million metric tons.
MARD also set the plan for rice production in 2005 is 36 million tons of
paddy and rice export is range from 3.8 to 4.0 million tons. The total
contractual quantity for 2005 is 0.5 million tons as of February 04,
2005.

End of report