Voluntary Report - public distribution

**Date:** 08/31/2004

**GAIN Report Number:** VM4052

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**: According to MARD, Vietnam could export up to 4.0
mmt of rice in 2004. However, MARD suggests exports be held to 3.8-3.9
mmt, which would leave 0.1-0.2 mmt for early 2005's sales.

Includes PSD Changes: No

Includes Trade Matrix: No

Unscheduled Report

Hanoi \[VM1\]

\[VM\]

**Indicative price (Week ending August 27, 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>(Aug.20)</p></td>
</tr>
<tr class="odd">
<td>5</td>
<td>233</td>
<td>233</td>
<td>233</td>
<td>233</td>
<td>233</td>
<td>233</td>
<td>233</td>
<td>233.00</td>
<td>233.00</td>
</tr>
<tr class="even">
<td>10</td>
<td>230</td>
<td>230</td>
<td>230</td>
<td>230</td>
<td>230</td>
<td>230</td>
<td>230</td>
<td>230.00</td>
<td>230.00</td>
</tr>
<tr class="odd">
<td>15</td>
<td>228</td>
<td>228</td>
<td>228</td>
<td>228</td>
<td>228</td>
<td>228</td>
<td>228</td>
<td>228.00</td>
<td>228.00</td>
</tr>
<tr class="even">
<td>25</td>
<td>223</td>
<td>223</td>
<td>223</td>
<td>223</td>
<td>223</td>
<td>223</td>
<td>223</td>
<td>223.00</td>
<td>223.00</td>
</tr>
</tbody>
</table>

Source: Average indicative prices from exporters

Export prices are still stable at high levels, although no new export
contracts were signed.

In domestic markets, paddy prices were stable or slightly down by VND
50/kg to VND 2,150/kg compared with VND 2,200/kg last week. Prices of
material (unpolished) rice remained the same.

(Exchange rate is \$1 equal to VND 15,773 as of August 30, 2004)

**Exports**

######## The following are reported rice exports (metric tons) from August 14 to August 20, 2004.

+--------------+-----------+-----------+---------------+--------------+
| **Week       | **Q       | **4-WK    | **Year to     | **Year ago** |
| ending**     | uantity** | Avg.**    | date**        |              |
+--------------+-----------+-----------+---------------+--------------+
| ###          | 131,000   | 71,750    | 2,162,000     | 2,250,000    |
| #### July 02 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| ###          | 118,000   | 93,500    | 2,280,000     | 2,321,000    |
| #### July 09 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| ###          | 72,000    | 95,500    | 2,352,000     | 2,395,000    |
| #### July 16 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| ###          | 103,000   | 106,000   | 2,455,000     | 2,449,000    |
| #### July 23 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| ###          | 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 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+

Based on reports from key rice producing provinces, the Ministry of
Agricultural and Rural Development (MARD) estimates Vietnam's 2004
surplus rice for export at 4.0 million metric tons (mmt). However, the
MARD recommends that Vietnam's 2004 rice export target should be 3.8-3.9
mmt, which would leave about 0.1-0.2 mmt of rice stockpiled for export
in early 2005.

MARD estimates Vietnam's 2004 paddy production at 34.8 mmt.

End of Report