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Weekly Report Vietnam Rice Market (14/11-18/11/2016) – weak transactions

- Reference export prices of 5% brokens based on the prices of milled rice haven inched lower to US$ 345/ton (FOB, bulk) because of appreciation of US dollar. The rice market has been bearish and export transactions have been weak. Regarding export transactions, it is said that China has asked for 100% brokens but the supply of 100% brokens has been tight; fragrant rice has been transacted at US$ 485/ton, FOB) with a low quantity of just a few containers.

- In Sa Dec, prices of IR 50404 raw rice this week have been stable, the procurement demand has been weak; and the consumption of raw rice has been low. Prices of IR 50404/OM 5451 raw rice at the end of this week have been VND 6,300-6,400/7,250-7,300/kg, at warehouses.

- In Kien Giang, prices of raw rice and milled rice have been stable. Prices of IR 50404/long-grain white milled rice have been VND 7,050-7,100/7,950-8,050/kg, at warehouses. Prices of KDM rice have revised down. Prices of Jasmine/Nang Hoa/KDM rice have been VND 9,900/10,100/11,500/kg, (FAS) 

- At Ba Dac market, rice prices early this week inched up and then have been stable. Prices of autumn-winter/winter-spring IR 50404 milled rice have been VND 7,700/8,600/kg, at warehouses. Prices of good-grade OM 5451 milled rice have been VND 8,800/kg, at warehouses. Prices of OM 6976 milled rice have been VND 8,300-8,400/kg, at warehouses and prices of good-grade OM 6976 milled rice have been VND 8,600/kg, at warehouses. Prices of OM 4900/RVT milled rice have been VND 10,200-10,300/11,800/kg, at warehouses. Prices of good-grade RVT have been VND 12,000/kg, at warehouses. Prices of An Giang glutinous milled rice have been VND 11,700/kg, at warehouses.

- Prices of paddies have been stable. Prices of IR 50404 paddies have been VND 4,200-4,300/kg (on field).