Voluntary Report - public distribution

**Date:** 02/23/2004

**GAIN Report Number:** VM4010

VM3030

**Vietnam**

**Grain and Feed**

**Weekly Rice Update**

**2004**

**Approved by:**

![](media/image1.wmf)Henry Schmick - US Embassy

####  

**Prepared by:**

Tran Quoc Quan

**Report Highlights:**

Offered prices continued increasing during the week, following
international market trends.

Includes PSD Changes: No

Includes Trade Matrix: No

Unscheduled Report

Ha Noi \[VM1\]

\[VM\]

**Indicative price (Week ending Feb. 20, 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%" />
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</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 Avg.</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>CUR.</td>
<td>PRV. (Feb.13)</td>
</tr>
<tr class="odd">
<td>5</td>
<td>204</td>
<td>204</td>
<td>204</td>
<td>205</td>
<td>205</td>
<td>207</td>
<td>207</td>
<td>204.86</td>
<td>201.71</td>
</tr>
<tr class="even">
<td>10</td>
<td>197</td>
<td>197</td>
<td>197</td>
<td>199</td>
<td>200</td>
<td>202</td>
<td>202</td>
<td>198.57</td>
<td>196.14</td>
</tr>
<tr class="odd">
<td>15</td>
<td>192</td>
<td>192</td>
<td>192</td>
<td>193</td>
<td>196</td>
<td>196</td>
<td>196</td>
<td>193.86</td>
<td>190.57</td>
</tr>
<tr class="even">
<td>25</td>
<td>189</td>
<td>189</td>
<td>189</td>
<td>190</td>
<td>190</td>
<td>191</td>
<td>191</td>
<td>189.86</td>
<td>187.00</td>
</tr>
</tbody>
</table>

Source: Average indicative prices from exporters

Offered prices continued increasing 1-3 USD/mt, following prices from
other exporting countries during the week.

**Exports**:

######## The following are reported rice exports from Feb. 07 to Feb. 13, 2004

+-------------+----------+------------+----------------+--------------+
| **Week      | **Qu     | **4-WK     | **Year to      | **Year ago** |
| ending**    | antity** | Avg.**     | date**         |              |
+-------------+----------+------------+----------------+--------------+
| Jan. 23     | 11,400   | 4,112      | 16,450         | 71,700       |
+-------------+----------+------------+----------------+--------------+
| ####        | 13,750   | 7,550      | 25,150         | 145,000      |
| ### Jan. 30 |          |            |                |              |
+-------------+----------+------------+----------------+--------------+
| ####        | 29,400   | 14,088     | 54,550         | 190,200      |
| ### Feb. 06 |          |            |                |              |
+-------------+----------+------------+----------------+--------------+
| ####        | 53,100   | 26,913     | 107,650        | 202,150      |
| ### Feb. 13 |          |            |                |              |
+-------------+----------+------------+----------------+--------------+

######## About 50 thousand metric tons (tmt) are being loading at ports, and 75 tmt (in addition) are expected to be loaded by the end of February. A recent news report notes that Vietnam signed a contract supplying 70 tmt of rice to Iraq, with delivery in March 2004. 

End of Report