Voluntary Report - public distribution

**Date:** 10/25/2004

**GAIN Report Number:** VM4063

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 up around USD6/mt over the previous week period and
up about USD10/mt compare with the first week of October. Vietnam export
rice prices would continue to firm up in coming time since there is
higher demand from Africa, while exportable rice quantity is limited in
Vietnam.

Includes PSD Changes: No

Includes Trade Matrix: No

Unscheduled Report

Ha Noi \[VM1\]

\[VM\]

**Indicative Price (Week ending October 22, 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%" />
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<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. 15)</p></td>
</tr>
<tr class="odd">
<td>5</td>
<td>221</td>
<td>221</td>
<td>221</td>
<td>222</td>
<td>222</td>
<td>224</td>
<td>228</td>
<td>222.71</td>
<td>218.29</td>
</tr>
<tr class="even">
<td>10</td>
<td>218</td>
<td>218</td>
<td>218</td>
<td>218</td>
<td>218</td>
<td>220</td>
<td>225</td>
<td>219.29</td>
<td>215.14</td>
</tr>
<tr class="odd">
<td>15</td>
<td>214</td>
<td>214</td>
<td>214</td>
<td>215</td>
<td>215</td>
<td>216</td>
<td>220</td>
<td>215.43</td>
<td>210.86</td>
</tr>
<tr class="even">
<td>25</td>
<td>210</td>
<td>210</td>
<td>210</td>
<td>211</td>
<td>211</td>
<td>212</td>
<td>216</td>
<td>211.43</td>
<td>206.86</td>
</tr>
</tbody>
</table>

Source: Average indicative prices from exporters

Export prices were up around USD6/mt over the previous week period and
up about USD10/mt compare with the first week of October. Export
guidance prices from Vietnam Food Association (Vietfood) were, however,
still at the low levels, Viet rice 5% broken, 10% broken, 15% broken and
25% broken were suggested at USD223-225/MT, USD220/MT, USD216/MT and
USD210/MT, respectively, on FOB basis, up USD1-4/MT compare with the
week of early October.

Vietnam export rice prices would continue to firm up in coming time
since exportable rice quantity is limited in Vietnam, but there is
higher demand from Africa.

Paddy price was increased approximately VND50/kg and around VND100/kg
with early October, ranging from VND 2,000 - 2,100/kg.

(Exchange rate is \$1 equal to VND 15,758 as of October 22, 2004)

**Exports**

######## The following are reported rice exports (metric tons) from Oct. 09 to Oct. 15, 2004.

+--------------+-----------+-----------+---------------+--------------+
| **Week       | **Q       | **4-WK    | **Year to     | **Year ago** |
| ending**     | uantity** | Avg.**    | date**        |              |
+--------------+-----------+-----------+---------------+--------------+
| #######      | 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 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| ######       | 11,000    | 46,500    | 3,216,000     | 3,344,000    |
| # October 08 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+
| ######       | 54,000    | 43,750    | 3,270,000     | 3,435,000    |
| # October 15 |           |           |               |              |
+--------------+-----------+-----------+---------------+--------------+

According to Trade sources, the total quantity year to date of rice
contracted is about 3.7 million metric tons, the fresh sales were mainly
to African market. The volume 3.8 -- 3.9 million metric tons is expected
to ship in 2004 calendar year.

End of report