Voluntary Report - public distribution

**Date:** 02/17/2004

**GAIN Report Number:** VM4009

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:**

Export prices have increased over the week because of tight supplies for
both local and international markets. Food Association warned exporters,
temporarily, not to sign any further contracts to avoid possibility of
loss.

Includes PSD Changes: No

Includes Trade Matrix: No

Unscheduled Report

Ha Noi \[VM1\]

\[VM\]

**Indicative price (Week ending Feb. 13, 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: 12%" />
</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.06)</td>
</tr>
<tr class="odd">
<td>5</td>
<td>200</td>
<td>200</td>
<td>201</td>
<td>201</td>
<td>202</td>
<td>204</td>
<td>204</td>
<td>201.71</td>
<td>200.71</td>
</tr>
<tr class="even">
<td>10</td>
<td>195</td>
<td>195</td>
<td>196</td>
<td>196</td>
<td>197</td>
<td>197</td>
<td>197</td>
<td>196.14</td>
<td>195.71</td>
</tr>
<tr class="odd">
<td>15</td>
<td>190</td>
<td>190</td>
<td>190</td>
<td>190</td>
<td>190</td>
<td>192</td>
<td>192</td>
<td>190.57</td>
<td>190.00</td>
</tr>
<tr class="even">
<td>25</td>
<td>186</td>
<td>186</td>
<td>186</td>
<td>186</td>
<td>187</td>
<td>189</td>
<td>189</td>
<td>187.00</td>
<td>184.86</td>
</tr>
</tbody>
</table>

Source: Average indicative prices from exporters

Export prices have increased over the week because of tight supplies for
both local and international markets. More quantity (approx. 1 MMT) is
expected to be reserved for supporting central and northern Vietnam
facing with this year's severe drought. The Food Association warned
exporters temporarily not to sign further contracts to avoid possibility
of loss.

**Exports**:

######## The following are reported rice exports from Jan. 31 to Feb. 06, 2004

+-------------+----------+------------+----------------+--------------+
| **Week      | **Qu     | **4-WK     | **Year to      | **Year ago** |
| ending**    | antity** | Avg.**     | date**         |              |
+-------------+----------+------------+----------------+--------------+
| Jan. 16     | 1,800    | 1,581      | 5,050          | 39,850       |
+-------------+----------+------------+----------------+--------------+
| 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 |          |            |                |              |
+-------------+----------+------------+----------------+--------------+

There are 2 vessels (5,000 mts each) being loaded with high quality rice
bound for Japan from Song Hau Farm. Other vessels are being loaded for
Iraq, Cuba and European markets.

End of Report