Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
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Vietnam 2004 rice production revised
USDA, May 31, 2004
Prices of Vietnam’s rice (both domestic and export prices) are at high level due to tight exportable rice supplies. Vietnam’s Ministry of Trade is working on a more flexible rice management mechanism. Trade data for Vietnam’s rice exports in the first quarter of 2004 and revised rice PS&D table are also included.

According to the Ministry of Agricultural and Rural Development (MARD), farmers in the Mekong River Delta (MRD) completed the harvest of W-S rice in April. Reportedly, farmers had a bumper W-S crop. The W-S rice production in the MRD is estimated at 8,250 tmt.

The W-S rice is being harvested in other regions. In Northern provinces, farmers will harvest the W-S rice in a month.

Vietnam’s 2004 S-A rice area is estimated at 2,260 tha. The 2004’s S-A rice area in the MRD, around 1,850-1,860 tha, is expected to be at the same level (or slightly lower) than the 2003’s S-A crop level as some S-A land is switched to grow other crops or shrimp.

Post revises Vietnam’s 2004 S-A rice area to 2,260 tha from previous estimate of 2,250 tha due to larger S-A rice planted than previous estimate. The S-A crop yield is revised up to 3.89 mt/ha because of expected higher crop yields due to better inputs as the result of good domestic paddy prices.

Although farmers in the MRD are harvesting early S-A rice, the main harvest of the S-A crop will be in late June-July.

Post slightly revises Vietnam’s 2004 rice production 32,329 thousand metric tons (tmt) from the previous estimate of 32,200 tmt (see table 1) due to larger Summer-Autumn (S-A) rice crop area and production.

In the North - In late April and early May, paddy prices in most Northern provinces slightly increased by VND 100/kg or were stable at VND 2,600-2,800. Prices of ordinary rice are quoted at VND 3,800-4,000/kg.

New rice supply from the Winter-Spring rice crop will be available in a month.

In the Mekong River Delta - In contrast to previous years, prices of the 2004 Winter-Spring (W-S) paddy in the Mekong River Delta (MRD) kept increasing from beginning of the crop harvest. Current prices of the W-S rice are quoted at VND 2,300-2,350 compared with the prices quoted in February of VND 1,900-2,100/kg.

In general, prices of the W-S rice in the MRD often declined at the crop’s peak-harvest. Based on this experience, Vietnam’s traders signed a lot of rice export contracts for delivery in March-April at low prices ($180-185/mt). They are now complaining about losses due to continuously raising domestic and export prices (roughly $200-225/mt).

According to traders, prices of the coming Summer-Autumn rice will also be high due to more expensive input use (higher fertilizer and fuel prices),. Domestic price of the S-A rice will be not lower than VND 1,600-1,650/kg.

(Exchange rate VND 15,750 equal to $1 as of May 20)

Export prices of Vietnam’s rice will be stable at high levels, at least until late June or July when the S-A rice crop will be at peak harvest.

The recently won tender to ship 100 tmt of 25% broken rice to the Philippines has had little impact on Viet prices due to small quantity.

Vietnam’s rice exports in the first quarter of 2004 are estimated at 800 tmt, about 4% less than rice exported in the same period of last year.

Asia was the biggest region that took more than 61% of the total rice export. Iraq was the biggest in the period, it imported around 200 tmt or 21% of the total Vietnam’s rice exports. Other top Vietnam’s rice importers include Malaysia, the Philippines, Indonesia and Singapore.

Vietnam’s January-March rice exports to African countries were estimated at 161 tmt, or about 20% of the total exported volume.

Vietnam’s April rice exports jumped as rice traders had to fulfill their signed contracts. April exports were estimated at 600 tmt. Africa and Asia remained the largest rice importers of Vietnam. Each continental imported around 35-36% of the total rice shipped in April.

Vietnam’s January-April rice exports is estimated at 1.4 million metric tons (mmt) excluding rice exported to China through border gates. No official data on rice exports to China is available but traders estimate Vietnam’s rice exports to China in the February-April period at 200-250 tmt.
Vietnam’s rice exports to China started in late February 2004 in un-official channel. Traders buy rice from the MRD and ship it to China by small vessels of 1,000-2,000 mt/shipment. Rice sold to China was often low quality rice (20-25% broken rice with high moisture content of 16-17%). At beginning March, for better control of rice export to China and to balance domestic rice supplies, the Government of Vietnam asked local authorities (market control agencies and customs offices at border gate) to implement tight control of tax collection on rice exports to China. Vietnam sees China as a rice market therefore the exporters must sign export contracts before delivery of rice. Some reports were quoted as saying that, since middle April, Vietnam rice exports to China were slowing down as rice traders faced losses if they export rice to China by official ways.

In May, some Vietnamese rice is still going to China. According to a trader, on GOV firm is shipping 5% broken rice to China at $250/mt CIF at China’s Phong Thanh port (near to the border). Reportedly, two Chinese border provinces should need to import around 50,000 mt of rice from Vietnam in May.
MGR Archive 1.6.2004
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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