Vietnam agricultural report research

Vietnam Rice Report – June 2014

Project

Vietnam Agricultural Report Research
June 2014 Rice Market Review and Analysis
Research duration: from 1st May to 8th June 2014.
Reported by: Ho Cao Viet (PhD)
Submission of draft report for review: 6th June 2014.
Submission of full report: 8th June 2014.

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Vietnam Rice Report – June 2014

Table of Contents
1. Introduction ........................................................................................ 4
2. Hot topics of the month ........................................................................ 4
3. Weather condition and its impacts to rice production ................................ 7
3.1 Weather forecasting on April 2014 ...................................................... 7
3.2 Impacts of weather to agriculture ..................................................... 11
4. Situation of rice production-consumption in Vietnam and global market ... 11
4.1 Progress stages, crop conditions ...................................................... 11
4.2 Demands in domestic, exportation & importation ............................... 15
4.3 Domestic prices and Market trends ................................................... 20
4.4 Export prices and Market trends ....................................................... 21
4.5 Analysis, Opinion, and Prediction ...................................................... 24
4.6 Other related news ......................................................................... 25

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Vietnam Rice Report – June 2014

List of tables
Table 1. Forecast of average temperature and precipitation on April 2014 in Vietnam . 9
Table 2. Monthly hydrological forecasting for rivers in the Central highland and
Southern of Vietnam (1st to 30 Apr. 2014) ............................................................10
Table 3. Rice sowing area in WS & SA crop by region (up to 15th Mar. 2014) ............12
Table 4. Rice sowing area of WS crop in the North provinces (up to 15th Mar. 2014) ..12
Table 5. Sowing area of SA rice crop in the MRD (up to 15th Mar. 2014) ...................13
Table 6. Harvesting area of WS rice crop in the South provinces (up to 15th Mar. 2014)
.......................................................................................................................14
Table 7. Weekly rice exportation (Dec. 2013 to end of March 2014).........................16
Table 8. Monthly rice exportation (Jan. 2013 to Mar. 2014) ....................................16
Table 9. Rice exportation by import country in March, 2014. ...................................18
Table 10. Price of different rice grades in MRD (27th Mar. to 24th Apr. 2014) .............21
Table 11. Rice prices quote of Vietnam, Thailand in the world market (first 3 weeks of
March to middle of April, 2014) ...........................................................................23

List of figures
Figure 3. Weather Maps (1st April & 17th April 2014) ............................................... 8
Figure 1. Forecast of precipitation mean on April, 2014 ........................................... 8
Figure 2. Forecast of temperature mean on April, 2014 ........................................... 8
Figure 4. Target markets of Vietnam rice by quantity in 1st quarter of 2014. .............19
Figure 5. Target markets of Vietnam rice by value in 1st quarter of 2014. .................19
Figure 6. Exported price of Vietnam rice by continent/region in 1stquarter of 2014.....20
Figure 7. Fluctuation of rice price in domestic by grade from March to April 2014 ......20
Figure 8. Fluctuation of long-grain paddy price in domestic from March to April 2014 .21
Figure 9. Volume of Vietnam exported rice and value (from Jan. to 14th Apr. 2014) ...23

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Vietnam Rice Report – June 2014

1. Introduction


The database and information used in report were collected since May 2014
to the end of May 2014 from different official sources as well as direct
contacts to experts who involved to rice sector.



Information is updated and bearing the major events and topics of rice
production and consumption in Vietnam in referring to the global market as
well as the analysis of authors and rice specialists.

2. Hot topics of the month


The winning the tender to supply 800,000 tons of 15% broken white rice to
the Philippines seems to face many difficulties for Vietnamese rice exporters
in both MRD and Northern. Most of private exporters does not willing to join
the Philippines rice export program because the fear of losses. The
VINAFOOD II company won the bid to supply 600,000 tons of rice to the
Philippines with selling prices of $436.5 per ton, $437.75 per ton and
$439.25 per ton of rice for three lots of 200,000 tons. The VINAFOOD I won
the contract to supply 200,000 tons of rice at selling prices of $436 per tons

and $439 per ton for two lots of 100,000 tons (VFA, 2014). At the present,
some of the private exporters are officially refusing to supply rice to the
Philippines because the exported prices are too low to cover expenses. They
said that same kind of rice being exported to China is fetching a better price
and is unconditional even there is being the conflict of Vietnam and China
because of oil rig in offshore (local news). Whereas, if they are collecting
rice now at high actual prices to export to the Philippines would lead to
losses of at least $20 per ton. Domestic prices, which plunged in early
March and April, began firming up due to the stockpiling scheme of 2 million
tons of paddy. On the contrary, some exporters who began collecting rice
since March are likely to interest in delivering rice to the Philippines.
Exporters are also criticizing the two state-owned export companies for

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Vietnam Rice Report – June 2014
offering bids around $30 per ton lower compared to those of Thailand and
Cambodia. In this situation, doubts are rife whether Vietnam can fulfill its
contracts to the Philippines (local news; www.oryza.com).


Vietnam exported about 2.061 million tons of rice during 1st January 1 to
22nd May 2014, down 26% from about 2.8 million tons of rice exported
during the same time in 2013 (data of VFA). Average rice export price so far
in this year stands at about $436 per ton (FOB), down about 1% from about
$439 per ton recorded during January - May, 2013 (www.oryza.com).



Many experts questioned that the Chinese military marching Vietnam border
will rice export to China slow (?). Since beginning of May 2014, after the
China National Offshore Oil Corporation (CNOOC) started to set up
unauthorized an oil rig about 120 nautical miles away from Vietnam waters
near the Paracels islands, the conflict between the countries is imminent.
China continued its attempts to capture illegally the oil rig and has
evacuated Chinese citizens. Meanwhile Vietnam authorities have tried to
quiet protestors. By the consequence, if Vietnam rice exports to China in
next few months, a major destination for Vietnam rice exports (official and
smuggled), are compromised, this could severely effects on Vietnam rice
prices. However, until now there are not any issues that concerned to
Vietnam rice export and other agricultural products exported to China. The
VCCI (Vietnam Commerce Industry Chamber) has warned the Vietnam
exporters who have business with Hong Kong and Chinese entrepreneurs
that they should find other replaced markets instead of depending on China.
VFA has also expressed concern about the dependency of Vietnam rice
exports on the Chinese market, both official and unofficial exports. Local
sources note that some Chinese buyers have also defaulted on payments,
another risk (local sources and www.oryza.com).



Prime

Minister

launched

the

decision

62Q -TTg

to

encourage

the

entrepreneurs cooperate with farmers and cooperatives producing rice largescale and rice consumption under the contract farming formality called
Page 5 of 27


Vietnam Rice Report – June 2014
“Large-scale rice field” (“Cánh đ ng m u l n”). The World Bank has
supported Vietnam to realize the ACP project (Agriculture Competitiveness
Project) in order to enhance the competitive capacity of rice companies and
rice farmers in 7 provinces of Can Tho, Soc Trang, Long An, Tien Giang, An
Giang, Dong Thap and Kien Giang in MRD. The preliminary assessment
shown that the rice farmers in most of these provinces have reduced the
costs of production by cutting down the expenditures on rice seeds, fertilizer
and pesticides, competitive selling price and improve the profit. The quality
of harvested rice meet high standard requirement of exporters. (Ho Cao
Viet, 2014)1.


On 17 May 2014, MARD held preliminary meeting in implementing the project
"Restructuring the agricultural sector towards improving the added value and
sustainable development”. The project firstly focused on rice cultivation towards

reducing rice areas where there were low comparative advantage, inefficiency switching
to growing of cash crops and forage crops. From the last six months of 2013 to early
2014, there was 87,000 hectares of rice switched to growing of maize, rice, sesame and
vegetables (MARD, May 2014).



On 27 May 2014, MARD held preliminary conference on production of rice WS 20132014 and plan of SA and WS2014-2015 in the North. According to the Department of
Crop Production (DCP), the cultivated rice area in WS 2013-2014 was 1,159,000
hectares, down about 1,500 ha compared to previous WS crop. The rice yield in this
crop was at about 62.4 kg per hectare, higher than previous WS crop about 0.5 kg.
Total rice productivity was 7.2 million ton in this crop (MARD).

Changewas
ricecarried
to cashout
crops
MRDMay 2014 on 383 farmers, 20 rice cooperatives and 8 rice entrepreneurs in 7 provinces
Survey
on in
18-29
Chili cultivation in rice field in Spring crop in MRD
ofPhoto:
MRD.Ho Cao Viet, May 2014
Photo: Ho Cao Viet, May 2014
1

Page 6 of 27

Vietnam Rice Report – June 2014

3. Weather condition and its impacts to rice production
According to NCHMF, on May 2014, the provinces in the North influences by 3-4
cold-air blocks that caused light and heavy rainfall in this region. The high
temperature and extremely heat may occur mainly in the Northwest, North and
Middle Central region. In the Central Coastal region, it will rain and reduce the
drought situation in this region. The Northwest wind will operate in the end of
May in provinces of Southern and Highland.
3.1 Weather forecasting on April 2014


North:

Average temperature will be approximately the mean of temperature in 30
previous years from -0.5 to 0.5oC. The rainfall will be similarly level of previous
years, varies from -20 to 50% (NCHMF, May 2014).


Central coastal:

Average temperature will be lower than mean of temperature in 30 previous
year from 0.5 to 1.0 oC.
The provinces from Thanh Hoa to Thua Thien, the rainfall will be at level of
previous years, varies from -20% to 20% in average. From provinces of Da
Nang to Binh Thuan, rainfall varies from 2-% to 50% compared to average
level of previous years (NCHMF, May 2014).


Highland and South:

Average temperature will be lower than mean of temperature in 30 previous
years at 0.5 to 1.0oC. In the Southern region, temperature at the similar level
of previous years, varies from -0.5 to 0.5oC.


Average rainfall in highland will be higher than that of previous year, varies
from 20-50% compared to mean of rainfall in 30 previous years. In the
South, rainfall is the same level of previous years, varies from -20 to 20%
(NCHMF, May 2014).

.

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Vietnam Rice Report – June 2014

Source: NCNMF, 2014.

Source: NCNMF, 2014.

Figure 2. Forecast of temperature mean on May,
2014

Figure 1. Forecast of precipitation mean on May,
2014

Figure 3. Weather Maps (5th May & 1st June 2014)
Source: Weather online (www.weatheronline.co.uk)

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Vietnam Rice Report – June 2014
Table 1. Forecast of average temperature and precipitation on May 2014 in Vietnam
30-years
30-years
Forecast of
Forecast of
mean of
mean of
temperature
rainfall
Ord.
Station
temperature
rainfall
o
( C)
(mm)
(oC)
(mm)
1

S n La

24.7

24.0-25.0

171

130-200

2

Hà N i

27.3

27.0-28.0

188

150-220

3

H i Phòng

26.4

26.0-27.0

203

150-250

4

Thanh Hóa

27.2

26.0-27.0

157

150-200

5

Vinh

27.7

26.5-27.5

136

150-200

6

Hu

28.3

27.0-28.0

82

100-150

28.2

27.0-28.0

63

50-100

7

à N ng

8

Nha Trang

28.3

27.0-28.0

55

50-100

9

Buôn Ma Thu t

25.8

24.5-25.5

226

250-300

Châu
c
28.3
28.0-29.0
Source: NCHMF, 2014 (accessed on 31st May 2014)

196

150-250

10

( />
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Vietnam Rice Report – June 2014
Table 2. Monthly hydrological forecasting for rivers in the Central highland and
Southern of Vietnam (21st to 31st May. 2014)

Observed
River

Station

Ma

Ly Nha

Ca
Ta
Trach

Yen
Thuong
Thuong
Nhat

Thu Bon Nong Son
Tra
Khuc

Tra Khuc

Kon

Binh
Tuong

Ba

Cung Son

Cai N.T

Dong
Trang

Dakbla Kon Tum
Serepok Ban Don
Tien

Tan Chau

Hau

Chau Doc

Factor

Forecasted

Mean
11-20
May 2014

Compared to
the mean
annual stage

Mean
21-31
May 2014

Compared to
the mean
annual stage

277

< 122 cm

310

< 107 cm

144

< 46%

220

< 41%

3.44

< 55%

2.70

< 74%

86.2

< 26%

129

>7%

44.0

< 120 cm

35.0

< 130 cm

-

-

-

-

96.4

< 35%

80.0

< 48%

7.40

< 82 %

6.50

< 85%

54.5

> 7%

65.0

> 13%

97

< 25%

105

< 36%

Hmax

116

> 22 cm

100

< 3 cm

Hmin

-14

< 4 cm

0

< 2 cm

Hmax

127

> 34 cm

110

> 10 cm

Hmin

-21

***

-5

> 8 cm

Water level
(cm)
Discharge
(m3/s)
Discharge
(m3/s)
Discharge
(m3/s)
Discharge
(m3/s)
Discharge
(m3/s)
Discharge
(m3/s)
Discharge
(m3/s)
Discharge
(m3/s)
Discharge
(m3/s)

Note: *** similarly average of previous years.

Source: NCHMF, 2014 (accessed on 31st May 2014)
( />
Page 10 of 27


Vietnam Rice Report – June 2014
3.2 Impacts of weather to agriculture


4. Situation of rice production-consumption in Vietnam and
global market
4.1 Progress stages, crop conditions

Drying paddy in Spring Summer crop in MRD
Photo: Ho Cao Viet, May 2014

Early Summer Autumn crop in MRD
Photo: Ho Cao Viet, May 2014



In the North: according to MARD, up to the middle of March, in the Northern
provinces have basically completed the sowing of WS rice crop, totally
1,104.2 thousand hectares, 98.6 % compared to the same period last year.
Due to unfavorable weather, sowing area in the Midlands, Northern
mountainous, and North Central are lower than the same period last year,
at 1.6 % and 2.3 % respectively (Table 3 & 4).

Page 11 of 27

Vietnam Rice Report – June 2014
Table 3. Rice sowing area in WS & SA crop by region (up to 15th Mar. 2014)
Region

Sowing area to 15
Mar.2013 (1,000 ha)

Overall country
North

RRD
NCC
South

MRD

Sowing area to 15
Mar.2014 (1,000 ha)

Winter – Spring crop
3,103.4
1,119.9

Compared
2013/14 (%)

3,055.2
1,104.2

98.4
98.6

550.8
337.4

99.2
97.7

1,983.4

1,950.9

98.4

1,600.9

1,562.5

97.6

212.2

59.4

555.1
345.2
Summer – Autumn crop

MRD

Source: MARD, April 2014.

357.0

Table 4. Rice sowing area of WS crop in the North provinces (up to 15th Mar. 2014)
Region/Provinces
Sowing area in WS crop (hectare)
North
RRD
Ha Noi
Hai Phong
Vinh Phuc
Bac Ninh
Hai Duong
Hung Yen
Ha Nam
Nam Dinh
Thai Binh
Ninh Binh
Quang Ninh
Mountainous region
Ha Giang
Lao Cai
Tuyen Quang
Yen Bai
Thai Nguyen
Phu Tho
Bac Giang
Lai Chau
Dien Bien

Son La
Hoa Binh
North Central
Thanh Hoa
Nghe An
Ha Tinh
Quang Binh
Quang Tri
Thua Thien Hue

1,104,229
550,769
102,000
38,714
30,880
35,136
62,000
39,900
33,321
75,000
80,679
41,384
11,755
216,077
8,054
9,715
19,000
18,900
28,893
36,741

51,273
8,162
8,453
6,111
15,752
337,383
112,891
89,476
54,085
29,000
25,431
27,500

Source: MARD, April 2014.

Page 12 of 27


Vietnam Rice Report – June 2014


In the South: until to 15th of March 2014, the harvest area of WS rice crop
has reached nearly 800 thousand hectares, mainly concentrated in MRD
provinces. In this year, the harvesting time is prolonged compared to the
same period last year. Around 60 % of area was harvested. The flooding was
main cause in MRD because it withdraws slowly in this year. However,
harvesting progress was accelerated in the end of March. (Table 6).



According to the initial reports of the Mekong Delta provinces, the average
yield of WS rice crop is estimated at 7 tons per ha, higher than the previous
crop about 2 tons per ha; especially, in the province of Long An, Can Tho,
Hau Giang, Dong Thap, Vinh Long, Tien Giang, and An Giang, where the
average yield is estimated at above 7 tons per ha (Table 6).



At the same time, SA rice crop has also sown. Up to 15th March, sowing area
was around 212 thousand hectares, nearly 60 % compared to the same
period last year. There was 60.7 thousand hectares in Dong Thap, 50
thousand hectares in Soc Trang; 38.5 thousand hectares in Tien Giang, and
21.8 thousand hectare in Can Tho province (Table 5).
Table 5. Sowing area of SA rice crop in the MRD (up to 15th Mar. 2014)
Region/Provinces
Sowing area in SA crop
(hectare)
MRD
212,199
Long An
2,330
Tien Giang
38,525
Ben Tre
Tra Vinh
1,635
Vinh Long
23,497
Dong Thap
60,723

An Giang
923
Kien Giang
6,133
Can Tho
21,822
Hau Giang
5,260
Soc Trang
50,051
Bac Lieu
1,300
Ca Mau
Source: MARD, April 2014.

Page 13 of 27


Vietnam Rice Report – June 2014
Table 6. Harvesting area of WS rice crop in the South provinces (up to 15th Mar. 2014)
Region/Provinces

Harvesting area in WS
crop (hectare)
South
799,432
SCC
28,712
Da Nang city
Quang Nam

Quang Ngai
Binh Dinh
3,160
Phu Yen
Khanh Hoa
2,095
Ninh Thuan
15,997
Binh Thuan
7,460
Highland
4,169
Kon Tum
Gia Lai
Dak Lak
455
Dak Nong
Lam Dong
3,714
Southeast
5,953
Binh Phuoc
Tay Ninh
4.419
Binh Duong
Dong Nai
Ba Ria-Vung Tau
1,273
Hochiminh city
261

MRD
760,598
Long An
79,303
Tien Giang
77,659
Ben Tre
80
Tra Vinh
26,922
Vinh Long
61,501
Dong Thap
103,912
An Giang
21,174
Kien Giang
159,432
Can Tho
59,302
Hau Giang
28,621
Soc Trang
107,137
Bac Lieu
35,800
Ca Mau
Source: MARD, April 2014.

Compared to sowing

area in WS crop (%)
41.0
6.7
10.4
100.0
20.9
5,0
1.3
34.7
8.0
10.1
24.2
5.5
48.7
33.7
100.0
0.4
40.5
100.0
50.1
8.9
52.1
67.4
37.0
75.8
77.5
-

Yield
(ton per ha)

6.99
6.08
6.00
5.70
6.26
5.97
4.55
4.50
5.00
5.00
4.90
5.39
7.06
7.65
7.12
4.70
6.56
7.19
7.29
7.00
6.92
7.48
7.40
6.42
6.58
-

In the report of FAO has estimated that Vietnam's total paddy rice production at
about 44.2 million tons (around 27.6 million tons of milled rice) in 2014,
marginally higher than about 44 million tons (around 27.5 million tons of milled

Page 14 of 27


Vietnam Rice Report – June 2014
rice) produced in 2013. The UN agency however, forecasts Vietnam's paddy rice
production from 2014 WS crop at 20.3 million tons, similar to last year's
production, despite shifting part of the rice area to other crops, due to higher
yields,

favorable

weather

conditions,

and

adequate

water

supplies

(www.oryza.com)
4.2 Demands in domestic, exportation & importation


During beginning of May to 22nd of this month, 2014, Vietnam exported
about 309,974 tons of rice, down about 52% from about 648,359 tons rice
exported in full month of May 2013, and down about 42% from about

537,094 tons rice exported in full month of April 2014. The average export
price so far in May stands at around $431 per ton, up about 2% from a year
ago, and down about 2% from a month ago (calculated from VFA data and
Vietnam customs, May 2014).



Vietnam's rice exports during 1st to 22nd May, 2014 include: 149,711 tons of
15% broken rice (about 48% of total rice exports in May 2014); 61,826 tons
of Aromatic rice (about 20% of total rice exports in May 2014); 54,414 tons
of 4-10% broken rice (about 18% of total rice export in May 2014); and
28,449 tons Nep or glutinous rice (about 9% of total rice exports in May
2014).



Asia was the major rice exporting destination for Vietnam rice so far in May
2014, with about 177,431 tons or about 57% of total rice exports. The
Americas was the second largest destination, accounting for of about 65,091
tons of rice exports (equivalent to about 21% of total rice exports in May
2014). Vietnam also exported 58,066 tons of rice to the Africa, about 7,114
tons of rice to the Europe, about 2,138 tons of rice to the Middle East, and
about 134 tons of rice to Australia so far in May 2014.

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Vietnam Rice Report – June 2014


FAO has estimated Vietnam's milled rice exports to increase to about 7.2
million tons in 2014, up about 8% from about 6.7 million tons in 2013 due to
higher production and increased export demand from Asian countries such
as Indonesia, Malaysia, China and the Philippines backed by low prices. In
2012, Vietnam exported about 7.6 million tons.

Japonica rice in Trung An Company, Can Tho - Vietnam
Photo: Ho Cao Viet, May 2014

Diverse rice products in Trung An Company, Can
Tho, Vietnam
Photo: Ho Cao Viet, May 2014

Table 7. Weekly rice exportation (Dec. 2013 to first week of May 2014)
Period
Reporting period
Year to date
(from – to)
Tons
USD
Tons
USD
16/12/2013 31/12/2013
01/01/2014 –
15/01/2014
01/02/2014 –
15/02/2014
16/02/2014 28/02/2014
01/03/2014 –
15/03/2014

16/03/2014 –
31/03/2014
01/04/2014 –
15/04/2014
16/04/2014 –
30/04/2014
01/05/2014 –
15/05/2014

184,458

89,038,225

6,592,439

2,925,222,101

258,507

121,396,340

258,507

121,396,340

166,355

77,015,418

533,887

252,297,463

264,996

121,758,147

791,437

370,997,328

262,040

121,668,699

1,048,989

490,810,389

373,854

164,248,784

1,417,392

652,456,320

315,264

139,176,019

1,723,126

787,516,051

342,014

154,401,803

2,060,768

940,094,161

295,635

129,637,175

2,351,491

1,067,579,143

Source: General Department of Vietnamese Customs.

Mont
h

Year

Table 8. Monthly rice exportation (Jan. 2013 to Apr. 2014)
Compared

to previous
Reporting period
Reporting period
month (%)

Page 16 of 27

Compared
to previous
year (%)


Vietnam Rice Report – June 2014
USD
203,401,224

Tons
74.4

USD
39.3

-23.0

799,626

360,085,741

13.9

-1.3

109.1

1,549,777

687,687,321

15.9

4.4

-11.8

2,198,812

976,560,956

-0.6

-6.1

12.3

11.9

2,927,647

1,299,723,337

-0.9

-5.3

-12.0

-14.0

3,568,810

1,575,826,664

-6.8

-10.3

1.1

-0.8

4,232,338

1,856,659,413

-10.9

-13.9

1.4

4.9

4,876,202

2,138,471,464

-12.4

-15.2

-30.1

-28.4

5,322,709

2,338,412,577

-14.7

-17.2

17.9

17.5

5,851,380

2,573,903,236

-15.2

-17.9

-30.8

-28.2

6,221,918

2,745,630,310

-17.0

-19.9

3.2

7.4

6,592,439

2,925,222,101

-17.8

-20.4

-4.9

-6.0

368,867

175,832,182

-17.1

-13.6

426,294 196,742,665
15.6
11.9
791,437
370,997,328
-1.0
February
631,030 283,631,576
49.7
45.6 1,417,392
652,456,320
-7.9
March
653,819
292,162
3.6
3.0
2,060,768
940.094,161
-5.8

April
Source: Calculated from data of General Department of Vietnamese Customs.

3.0

2013

Tons
444,723

January
February
March
April
May
June
July
August
September
October
November
December
January

Tons
444,723

USD
203,401,224

Tons
-14.0

354,902

156,684,518

-20.2

750,151

327,601,579

111.4

649,035

288,873,634

-13.5

728,835

323,162,380

641,163

276,103,327

650,011

274,884,662

659,012

288,234,735

460,820

206,462,801

543,480

242,651,420

376,057

174,235,382

387,929

187,124,596

368,867

175,832,182

USD
-16.8

2014

Page 17 of 27

-4.4
-3.2


Vietnam Rice Report – June 2014
Table 9. Rice exportation by import country in March, 2014.
Reporting period (Mar. 2014)
Year to date
Country/continent
(1st Feb. to 30th Mar. 2014)
Tons
USD
Tons
USD
Africa

43,272

22,210,950

73,116

38,229,275

Algeria

3,214

1,304,388

3,758

1,525,151

Angola

576

317,525

1,137

623,786

1,744

944,982

1,837

1,011,806

32,486

17,297,737

57,818

31,316,491

4,845

2,037,785

8,159

3,443,508

407

308,533

407

308,533

6,428

3,472,415

11,312

6,343,019

46

31,471

410

234,671

Belgium

490

235,200

1,143

585,194

Bulgaria

1,385

880,913

3,096

2,024,184

780

405,603

1,490

763,508

France

1,319

770,440

1,387

830,374

Spain

118

63,658

313

203,626

Turkey

848

418,300

1,774

901,534

Ukraine

1,442

666,830

1,699

799,928

462,189

203,526,488

1,115,162

502,670,857

Brunei

1,401

817,643

2,882

1,761,636

Taiwan

4,989

2,941,061

7,930

4,743,839

East Timor

18,500

7,112,939

35,800

13,916,208

Hong Kong

15,864

8,987,173

38,436

23,059,252

1,400

721,000

Ivory Coast
Ghana
South Africa
Senegal
EU
Poland

Netherland

Asia

Indonesia
Malaysia

10,511

5,920,248

8,159

3,443,508

Philippines

1,060

488,451

379,450

175,339,824

Singapore

28,565

12,518,877

52,647

24,737,096

378,259

162,809,646

581,426

250,367,404

501

347,420

1,397

973,876

United Arab
Emirates

2,539

1,583,030

5,635

3,607,214

United States

3,981

2,421,889

8,751

5,643,884

10,033

4,480,209

12,280

5,550,767

China
Australia

Russian
Federation

Source: Calculated from data of General Department of Vietnamese Customs.

Page 18 of 27


Vietnam Rice Report – June 2014


In 2nd week of May, VFA has lowered its 2014 rice export target to 6.2
million tons from the earlier target of 6.5 - 7 million tons due to heavy
competition from India and Thailand. USDA estimates Vietnam to export 6.5
million tons of rice in 2014.

Note: Calculated by quantity of exported rice (ton).
Source: generated from data of General Department of Vietnamese Customs.
Figure 4. Target markets of Vietnam rice by quantity in 1st quarter of 2014.

Note: Calculated by value of exportation (USD).
Source: generated from data of General Department of Vietnamese Customs.
Figure 5. Target markets of Vietnam rice by value in 1st quarter of 2014.

Page 19 of 27


Vietnam Rice Report – June 2014

Source: Calculated from data of General Department of Vietnamese Customs.
Figure 6. Exported price of Vietnam rice by continent/region in 1stquarter of 2014.


The estimation of average rice exported price based on total export value
and quantity of exported rice in first quarter of 2014 showed in figure 6 that:
import price of Vietnam rice was relatively high in EU countries at $560 per
ton and lowest in Africa continent at $494 per ton because differentiation of
rice quality. In Asia countries, import price of Vietnam rice was high in
Taiwan, Hong Kong and Brunei at level of $598, $599.9 and $611.3 per ton.
In EU countries, Vietnam rice has good price in some countries such as
Bulgaria, Spain and France at $653.8, $650.6 $598.7 per ton, respectively
(Fig.6). Therefore, Vietnamese rice exporters should focus on these target
market for improving the added value of exported rice.

4.3 Domestic prices and Market trends

Note: Price delivered at port no bagged.
Source: generated from VFA’s data.
Figure 7. Fluctuation of rice price in domestic by grade from March to April 2014

Page 20 of 27


Vietnam Rice Report – June 2014

Table 10. Price of different rice grades in MRD (27th Mar. to 24th Apr. 2014)
Unit: dong per kg
Rice quality
27 Mar. 2014
04 Apr. 2014
10 Apr. 2014
24 Apr. 2014
Ordinary paddya
5,250
5,250
5,200
5,250
Long-grain paddy
5,550
5,550
5,450
5,500
b
Raw rice for processing
5%
7,050
6,950
6,750
6,800
25%
6,750
6,750
6,550
6,650
Rice delivered at port without package/bagged

5%
7,850
7,900
7,750
7,900
15%
7,600
7,650
7,500
7,650
25%
7,350
7,350
7,300
7,350
Note: a dried paddy, b not polishing rice used for processing
Source: compiled and calculated from database of VFA, April 2014.

Note: Price of long-grain and ordinary paddy.
Source: generated from VFA’s data.
Figure 8. Fluctuation of long-grain paddy price in domestic from March to April 2014



The rice experts expected that price of paddy will be continue to increase in
next few weeks of May 2014 because most of farmers have sold the storage
paddy after peak harvesting and rice stockpiling scheme is realizing by
entrepreneurs in MRD.

4.4 Export prices and Market trends

Page 21 of 27


Vietnam Rice Report – June 2014
Table 10. Thailand and Vietnam rice prices quote (Aug. 2013 to Apr. 2014)
Source: USDA, updated on April 2014.



Vietnam exported about 2.061 million tons of rice during January 1 - May
22, 2014, down about 26% from about 2.8 million tons of rice exported
during January -May, 2013, according to data from the Vietnam Food
Association (VFA). Average rice export price so far in this year stands at
about $436 per ton (FOB), down about 1% from about $439 per ton
recorded during January - May, 2013.



During May 1-22, 2014, Vietnam exported about 309,974 tons of rice, down
about 52% from about 648,359 tons rice exported in full month of May
2013, and down about 42% from about 537,094 tons rice exported in full
month of April 2014. The average export price so far in May stands at
around $431 per ton, up about 2% from a year ago, and down about 2%
from a month ago.



Vietnam's rice exports during May 1-22, 2014 include: 149,711 tons of 15%
broken rice (about 48% of total rice exports in May 2014); 61,826 tons of

Aromatic rice (about 20% of total rice exports in May 2014); 54,414 tons of
4-10% broken rice (about 18% of total rice export in May 2014); and
28,449 tons Nep or glutinous rice (about 9% of total rice exports in May
2014).

 Asia was the major rice exporting destination for Vietnam rice so far in May
2014, with about 177,431 tons or about 57% of total rice exports. The
Americas was the second largest destination, accounting for of about 65,091
tons of rice exports (equivalent to about 21% of total rice exports in May
2014). Vietnam also exported 58,066 tons of rice to the Africa, about 7,114
tons of rice to the Europe, about 2,138 tons of rice to the Middle East, and
about 134 tons of rice to Australia so far in May 2014. ().

Page 22 of 27


Vietnam Rice Report – June 2014

Source: www.oriza.com (accessed on 31 May 2014)

Figure 9. Volume of Vietnam exported rice and value (from Jan. to 22nd May 2014)
Table 11. Rice prices quote of Vietnam, Thailand in the world market (first 3 weeks of
April to end of May, 2014)
Unit: USD per ton
Quality
first 3 weeks
end of May,
Trend in
of Apr, 2014
2014

short-term
Thailand 100% B grade
395 – 405
390 – 400
Long grain white
rice high quality
Vietnam 5% broken
380 – 390
400 - 410
Thailand 25% broken
345 – 355
345 – 355
Long grain white
Vietnam
25%
broken
rice low quality
350 – 360
360 – 370
Thailand
Hommali
92%
940 – 950
945 – 955
Long grain
fragrant rice
Vietnam Jasmine
490 – 500
525 – 535
Thailand A1 Super

300 – 310
305-315
Broken
Vietnam 100% broken
330 – 340
335-345
th
Source: www.oryza.com (updated on 30 May 2014)

Page 23 of 27


Vietnam Rice Report – June 2014
4.5 Analysis, Opinion, and Prediction


Page 24 of 27


Vietnam Rice Report – June 2014
4.6 Other related news
Appendix 1. Global rice importers, monthly revisions and annual changes

Source: Production, Supply, & Distribution Online Data Base, FAS/USDA,
( Last updated April 10, 2014).

Page 25 of 27