Voluntary Report - public distribution

**Date:** 10/12/2004

**GAIN Report Number:** VM4061

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:**

Lack of buying demand has discouraged offer for export prices stable at
low levels or slightly going down. And as of October 5, 2004, farmers in
Mekong River Delta have grown totally 376 Tha in the late Summer-Autumn
crop (Up 56.66% compare with planning area 240 Tha from the Ministry).

Includes PSD Changes: No

Includes Trade Matrix: No

Unscheduled Report

Ha Noi \[VM1\]

\[VM\]

**Indicative Price (Week ending October 8, 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>(Oct. 01)</p></td>
</tr>
<tr class="odd">
<td>5</td>
<td>218</td>
<td>218</td>
<td>217</td>
<td>217</td>
<td>217</td>
<td>217</td>
<td>217</td>
<td>217.29</td>
<td>218.29</td>
</tr>
<tr class="even">
<td>10</td>
<td>214</td>
<td>214</td>
<td>214</td>
<td>213</td>
<td>213</td>
<td>214</td>
<td>214</td>
<td>213.71</td>
<td>214.43</td>
</tr>
<tr class="odd">
<td>15</td>
<td>210</td>
<td>210</td>
<td>209</td>
<td>208</td>
<td>209</td>
<td>209</td>
<td>209</td>
<td>209.14</td>
<td>210.57</td>
</tr>
<tr class="even">
<td>25</td>
<td>206</td>
<td>206</td>
<td>205</td>
<td>205</td>
<td>206</td>
<td>206</td>
<td>206</td>
<td>205.71</td>
<td>206.71</td>
</tr>
</tbody>
</table>

Source: Average indicative prices from exporters

Lack of buying demand has discouraged offer prices and as the same time,
export price levels guided by Vietnam Food Association (Vietfood) for
Viet rice 5% broken, 10% broken, 15% broken and 25% broken have been
lowered to \$221-223/MT; \$219/MT, \$213/MT and \$210/MT, respectively,
on FOB basis, down USD1-2/MT for 15% and 25% compare with previous week.

Paddy prices were stable in the local market, ranging around VND 1,900 -
2,000/kg, depending on its quality.

(Exchange rate is \$1 equal to VND 15,752 as of October 08, 2004)

**Exports**

######## The following are reported rice exports (metric tons) from Sep. 25 to Oct. 01, 2004.

+--------------+-----------+-----------+---------------+--------------+
| **Week       | **Q       | **4-WK    | **Year to     | **Year ago** |
| ending**     | uantity** | Avg.**    | date**        |              |
+--------------+-----------+-----------+---------------+--------------+
| ###          | 97,000    | 97,500    | 2,552,000     | 2,539,000    |
| #### July 30 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| #####        | 65,000    | 84,250    | 2,617,000     | 2,573,000    |
| ## August 06 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| #####        | 98,000    | 90,750    | 2,715,000     | 2,641,000    |
| ## August 13 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| #####        | 79,000    | 84,750    | 2,796,000     | 2,743,000    |
| ## August 20 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| #####        | 76,000    | 79,500    | 2,872,000     | 2,799,400    |
| ## August 27 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| #######      | 88,000    | 85,250    | 2,960,000     | 2,878,000    |
| September 03 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| #######      | 70,000    | 78,250    | 3,030,000     | 2,925,000    |
| September 10 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| #######      | 65,000    | 74,750    | 3,095,000     | 2,964,000    |
| September 17 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| #######      | 45,000    | 67,000    | 3,140,000     | 3,085,000    |
| September 24 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| ######       | 65,000    | 61,250    | 3,205,000     | 3,239,000    |
| # October 01 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+

Exports from Jan.1 -- Oct. 01, 2004 were at 3,205,000 metric tons
compared with 3,239,000 metric tons during the same period in 2003.

**Late Summer-Autumn Rice Crop in Mekong River Delta**

As of October 5, 2004, farmers in the Mekong River Delta area have
planted a total of 376,000 hectares of Late Summer-Autumn crop, up 57
percent above the planning area projected by the Ministry of Agriculture
and Rural Development (MARD). Of the total area planted in the area
(376,000 hectares) 220,000 hectares has already harvested.

End of Report