Vietnam Rice Annual Report 2018 & Outlook for 2019

Vietnam Market Analysis and Forecast Joint Stock Company is the leading provider of in-depth ANALYSES & FORECASTS on agro-commodity sectors. We would like to introduce Vietnam Rice Annual Report 2018 & Outlook for 2019 (scheduled to be released in Mar 2019), with detailed contents as follows:

EXECUTIVE SUMMARY

The macro data on Vietnam’s rice exports in 2018 show encouraging export results. According to the preliminary data, Vietnam’s paddy production is estimated at 44.29 million tons, up by 0.3% in which the paddy production of Mekong River Delta is 24.8 million tons, up by 1.5% from 2017. In 2018, Vietnam’s rice exports through official channel are expected at 6.21 million tons, worth US$ 3.1 billion, up by 7.4% in volume and 19% in value from 2017.

Rice production in crop seasons in Mekong River Delta was quite favorable. 2017/18 Winter-Spring crop achieved quite good results and 2018/19 Winter-Spring crop as of December 2018 did not encounter any major disadvantages. In 2018 Summer-Autumn crop, the flood came early but did not have too great impacts on paddy yield and paddy quality; the early arrival of the flood mainly affected the sowed area and sowing time of 2018 Autumn-Winter rice. In 2018, the structure of rice varieties changed towards the decreased area of Jasmine and glutinous rice, and the soared area of IR 50404, RVT/ST21 and Dai Thom 8 compared to 2017.

In 2018, there were fundamental changes in Vietnam’s rice exports which is expressed by 2 aspects (1), Firstly, the sudden changes and fluctuations of the market had a profound impact on the rice industry trends and business results of the business community and (2), Secondly, there was an important milestone marked of institutional adjustments both in Vietnam and key markets.

The sudden changes and fluctuations of the market were reflected in the sharp decrease and risks of the Chinese market while the return of Vietnam’s two traditional export markets, Indonesia and the Philippines, with the strong import demand in a short time became the most important factor, supporting Vietnam’s rice exports.

In 2018, total rice exports to China through official channel are estimated at just 1.3 million tons, down by 43% from 2017. The tariff barrier on glutinous rice in mid-2018 and tariff imposed on broken rice and the troublesome procedures of the Customs and the Department of Plant Protection at the end of the year caused Vietnam’s enterprises to experience risks when transacting rice with China. This market used to be the only export market for Vietnamese glutinous rice with more than 1 million tons per year but in 2018, the market only imported more than 500 thousand tons of glutinous rice, down by as much as 54% from 2017. Exports of other major rice varieties such as OM 5451, ST21, KDM, Nang Hoa and Dai Thom to China also experienced a decrease due to the influence on the tariff barrier erected on glutinous rice because of the lower import quota to be spent for glutinous rice and the soared “transaction costs” to have quota.

In 2018, Vietnam’s four largest import markets (BIG4), China, Indonesia, Philippines and Malaysia accounted for nearly 60% of Vietnam’s total exports. Rice exports to African markets tended to decline because high-priced Vietnamese white rice was impossible to compete with rice from India and Thailand. Iraq continued to have a very significant import demand for fragrant rice, supporting the market of Vietnamese fragrant rice. Korea (Republic) also tended to raise its procurement demand for Japonica, helping the emerging industry.

Given the strong demand of Indonesia, the Philippines, Malaysia and Cuba, the IR 50404 rice market of Vietnam was very bullish in 2018, establishing “a high rice price level”. Prices of Vietnamese 5% brokens were often at least US$ 10/ton higher than prices of Thai 5% brokens with a common price gap of US$ 20-30/ton. There was a soared demand of Bulog/Indonesia when the supply of white rice of Thailand decreased as the stocks of rice from the rice mortgage scheme ran out and the supply of IR 50404 of Vietnam tended to decrease in the context that exports of fragrant rice, glutinous rice, Japonica and long-grain rice  were quickly expanded. In addition to the demand of Bulog in the first half of 2018, the demand of the NFA and Filipino traders helped the demand for IR 50404 to remain high, causing prices of IR 50404 paddies to be equal to prices of OM 5451 paddies at some points of time – a threshold beyond the expectations of most people in the industry.

The fever of the IR 50404 paddy rice market led to an overall concern about the shortage of this rice variety when the NFA’s tenders were taken place at the end of 2018. This reflected difficulties of enterprises as they had to face the complexity of the market not only by grasping the demand but also by monitoring the supply and inventory. In 2018, we paid much attention to monitoring the information on paddy supply at the website www.viettraders.com and we made periodical analyses on the structure of rice varieties by crop for major exported rice varieties such as IR 50404, OM 5451, Dai Thom 8, Jasmine, Japonica, glutinous rice and ST21. In addition to the estimate on area share of rice varieties, the information also refers to the harvesting progress, rice supply-demand balance.

Jasmine, after having been a promising rice variety for several years and even being considered a symbol of Vietnam rice brand or a “new weapon” penetrating into the African market, underwent a bearish year. In 2017, the market of Jasmine was heated on the demand of Africa and Iraq but in 2018, there were alternatives with cheaper rice in which the preferred rice variety was Dai Thom 8. Dai Thom 8 has not only been a rice variety mixed with other fragrant rice varieties but also become a rice variety exported independently to China and the Philippines.

OM 5451 continues to affirm to be an important rice variety in Vietnam’s rice export structure. In 2018, according to the official data, OM 5451 rice exports are estimated at about 550 thousand tons, up by 66.7% despite facing interventions leading to restrictions on China’s rice imports. If more fully calculated when cleaning the classification of the official data by separating OM 5451 from the group of long-grain rice, OM 5451 exports in 2018 are estimated at approximately 800,000 tons. This is an impressive number which reflecting exactly the position of OM 5451 in Vietnam’s rice export structure. OM 5451 is preferred by Chinese consumers and continues to conquer the Philippine market, and starts to be exported to Korea.

Japonica rice exports also achieved a very impressive milestone in 2018. According to the official data, Japonica rice exports in 2018 are estimated at approximately 500 thousand tons, up by 49.6% from 2017.  However, according to the estimate that is more accurate to the reality when subtracting the volume of other rice varieties mixed with Japonica for exports to Papua New Guinea, Japonica rice exports in 2018 are revised to 432 thousand tons. Japonica rice exports to Korea (Republic) in 2018 through the tenders are 122 thousand tons, up by 2.3 times from 2017, while according to the official data, Japonica exports to Papua New Guinea in 2018 are also 215 thousand tons, up by 62%. Therefore, for exports of Japonica, there have been two key export channels, reducing the risk of depending on the only channel, Papua New Guinea as before.

In 2018, VinaFood 1 continued to sustain its key position in the top exporters as this enterprise kept on exporting rice to Cuba and Syria, and penetrated more in-depthly into Indonesia and the Philippines in addition to the rice delivery of VIP Ltd, a joint venture between Vietnam and Iraq, to the Iraqi market. Meanwhile, “the new factor of 2017”, Tan Long continued to be listed in Vietnam’s top 10 exporters in 2018. Thinh Rice ranked 6th in which its Japonica rice exports to Papua New Guinea accounted for more than 95% of its total rice exports to all markets. Thinh Rice has been known for contributing an important role in supplying Japonica to SunRice.

2018 also marked an important milestone in the institutional changes. After many petitions on the amendment of Decree No.109, the Ministry of Industry and Trade promulgated Decree No.107 with important changes unexpectedly. Decree No.107 has greatly reduced administrative interventions for enterprises on export registration procedures, reports on export contract information as well as the export floor price mechanism of the Vietnam Food Association (VFA). Investment requirements in the rice export industry such as processing capacity, warehousing capacity, etc. are also alleviated, making it easier to invest in the rice export industry.

2018 is also the election year for a new term of the VFA. The new context of Decree No.107 replacing Decree No.109 in the direction of expanding the open mechanism for enterprises to develop, reducing the role of intervention and supervision of the VFA will create new development opportunities and challenges for the VFA.

In 2018, VNF2, a leading rice enterprise, started being equitized. This change will have a profound impact on the long-term development of the rice export industry. The operating mechanism of joint stock company considering its profit as the most important criterion rather than a state-owned enterprise considering the profit and helping of the State to regulate the market as a criterion will result in fundamental changes for VNF2 itself about the organizational structure, competitive strategy, and thereby affecting the domestic market as well as international transactions.

The institutional changes also took place not only within Vietnam’s rice export industry but also in important markets. The Philippines, after opening the G2P public tenders in 2017, continued to open its G2P tenders in 2018. The Philippines also planned to revise the NFA’s role in the direction of reducing the import control, strengthening the wider participation of the private sector in imports of rice and proceed to impose rice import tariffs. Bulog also implemented the government-to-government importation and in 2018, in addition to Vietnam and Thailand, Bulog also imported rice from Pakistan and India. Meanwhile, the return of President Mahathir Mohamad prompted Malaysia to reform its rice import mechanism towards reducing Bernas’s power in parallel with strengthening the anti-smuggling of rice so that Malaysia is not a transition place of rice smugglers on the way to the Philippines.

What will shape the outlook on the rice market in 2019?

In 2018, prices of paddies, rice in Vietnam were higher compared to the rivals. It is very hard to sustain the price level of 2018 in 2019 unless there is soared demand. The outlook on Vietnam’s rice exports in 2019 will be shaped based on some major trends as follows:

  • Rice prices of Vietnam will likely go down in 2019 so that Vietnam can compete with large rivals such as Thailand to export rice especially IR 50404 (long-grain white rice).
  • The import demand of China will remain weak for a long time in 2019 because of China’s glutinous rice import tariff imposed in mid-2018 and measures, challenging Vietnam’s rice exports in late 2018. Glutinous rice, OM 5451 and ST21, rice varieties often imported a lot by China will not have a bright outlook.
  • We are concerned about Iraq’s demand as at the end of 2018, Iraq signed an agreement with the United States to import rice from this market in the first half of 2019.
  • The import demand for IR 50404 in 2019 is very likely to decrease as the demand of the NFA/Philippines and Bulog/Indonesia will not be as strong as in 2018. Meanwhile, the good prices in 2018 encouraged farmers to expand 2018/19 Winter-Spring IR 50404 rice area.
  • There will be a big change in the demand of the Philippines as the country will tend to boost imports of better-quality milled rice compared to the rice varieties selected by the NFA before.
  • 2018 was a very hard year for Jasmine rice exports. It is very likely that in 2019, Jasmine rice exports will have a similar trend or be revised up slightly compared to 2018.
  • The market of Japonica will be hard to thrive in 2019 because in 2018, Vietnam exported a large amount of Japonica to Korea (Republic) in its rice tender structure. It is said that exports of Japonica (DS1) of Vietnam may be difficult in 2019.
  • Dai Thom 8 will remain an important rice variety among the group of exported fragrant rice.

In our Vietnam Rice Annual Rice Report 2018 and Outlook for 2019, we would like to note you at some points as follows:

  • Our analyses on the rice supply-demand balance of key varieties such as IR 50404, Jasmine, Glutinous rice and Japonica continued to be carried out with revised estimates on the rice export volume compared to the official data. Indicators of the supply-demand balance including production, consumption, exports through official channel, exports through unofficial channel (border trade) and stocks are monthly analyzed.
  • We supplemented the contents of Rice area share – Yield – Quality by crop and the paddy market developments by rice variety of Mekong River Delta in 2018.
  • Some official data on rice exports were revised to reflect the reality more accurately. Our consultations with rice traders/exporters as well as supplying warehouses have helped us revise the data on exports of Jasmine, Japonica or Dai Thom 8
  • The estimated data on rice flow to the North in 2017 were also revised down and there started to be new ways of estimating rice flow to the North in 2018 to more accurately reflect the rice flow from the South to the North and border trade.

Some data on rice exports of enterprises should be considered carefully. The characteristics of the rice industry in terms of export supply, the entrust for delivery to a third party due to no export license have made the export volume of enterprises recorded reflect incorrectly the real power of some enterprises. There are “anonymous” enterprises having a modest rating in the list of top exporters but they have a much larger export scale and play a more important role in the export market.

 

TABLE OF CONTENTS

LIST OF TABLES

LIST OF FIGURES

LIST OF PHOTOS 

LIST OF BOXES  

EXECUTIVE SUMMARY

PART 1: WORLD RICE MARKET IN 2018 & OUTLOOK FOR 2019

1. World rice production, trade and stocks 

2. World rice prices in 2018

2.1. Export rice prices of Thailand in 2018 

2.2. Export rice prices of India and Pakistan in 2018

3. Outlook on world rice market in 2019   

PART 2: RICE PRODUCTION OF VIETNAM AND MEKONG RIVER DELTA IN 2018   

1. Rice production of Vietnam and Mekong River Delta in 2018 and the plan for 2019  

1.1. Nationwide rice production by crop    

1.2. Rice production of Mekong River Delta by crop 

2. Rice area structure of Mekong River Delta in 2018   

2.1. Rice area structure by crop  

2.2. Yield and quality of rice varieties for exports

PART 3: RICE SUPPLY-DEMAND BALANCE OF MEKONG RIVER DELTA IN 2018 AND OUTLOOK FOR VIETNAM’S RICE EXPORTS IN 2019  

1. Rice supply-demand of Mekong River Delta by rice variety in 2018

1.1. IR50404 rice supply-demand balance

1.2. Jasmine rice supply-demand balance

1.3. OM5451 rice supply-demand balance  

1.4. Glutinous rice supply-demand balance 

1.5. Japonica rice supply-demand balance

2. Outlook on Vietnam’s rice exports in 2019    

2.1. Outlook on key export markets and exported rice varieties of Vietnam in 2019    

2.2. IR50404 rice supply-demand balance of Mekong River Delta in 2019

2.3. Jasmine rice supply-demand balance of Mekong River Delta in 2019  

2.4. OM5451 rice supply-demand balance of Mekong River Delta in 2019

2.5. Glutinous rice supply-demand balance of Mekong River Delta in 2019

2.6. Japonica rice supply-demand balance of Mekong River Delta in 2019  

PART 4: PADDY MARKET OF MEKONG RIVER DELTA IN 2018  

1. IR50404

2. OM5451

3. Jasmine   

4. Dai Thom 8

5. Nang Hoa 

6. RVT/ST21

7. Japonica 

8. Glutinous rice

PART 5: RICE EXPORTS OF VIETNAM IN 2018

1. Export rice prices of Vietnam in 2018

2. Exports through official channel

3. Exports through unofficial channel (border trade)

4. Total revised exports

5. Rice export markets of Vietnam

6. Vietnam’s rice exports by rice variety/grade

6.1. IR50404  

6.2. OM5451 

6.3. Glutinous rice 

6.4. Fragrant rice  

6.5. Japonica  

PART 6: RICE EXPORTING-IMPORTING ENTERPRISES 

1. Top exporting enterprises 

1.1. Top exporting enterprises

1.2. Dominance of top rice exporting enterprises

1.3. Changes in rank of top 10 rice exporting enterprises

2. Top importing enterprises 

2.1. Top importing enterprises

2.2. Dominance of top importing enterprises

2.3. Changes in rank of top 10 importing enterprises

PART 7: RICE FLOW TO THE NORTH AND BORDER TRADE 

1. Channels of rice for shipments to the North 

2. Rice varieties  

PART 8: CAMBODIAN PADDIES, RICE DELIVERED TO MEKONG RIVER DETLA 

1. Varieties

2. Paddy quality 

3. Fresh paddy prices

4. Rice delivered from Vietnam to Cambodia  

PART 9: INTERNATIONAL TENDERS IN 2018 

1. Korea’s tenders 

1.1. The 72,800-ton-rice tender (April 26, 2018)  

1.2. The 102,800-ton-rice tender (June 23, 2018) 

1.3. The 92,700-ton-rice tender (August 26, 2018) 

1.4. The 25,200-ton-rice tender (December 5, 2018) 

1.5. The 189,700-ton-rice tender (December 13, 2018)  

1.6. The 82,900-ton-rice tender (December 21, 2018)  

1.7. The 45,300-ton-rice tender (December 28, 2018)    

2. The Philippines’ tenders

2.1. The G2G tender for 250 thousand tons (15% brokens and 25% brokens) (April 2018)

2.2. The G2P tender for 250 thousand tons of 25% brokens (May 22, 2018)    

2.3. The G2P tender for 250 thousand tons of 25% brokens (October 18, 2018)

2.4. The G2P tender for 500 thousand tons of 25% brokens (November 20, 2018) 

2.5. The G2G tender for 203 thousand tons of 25% brokens (November 28, 2018)

3. Transactions with Bulog/Indonesia

3.1. The tender for 346 thousand tons of 5% brokens and 15% brokens on January 10, 2018 

3.2. The import contract for 55.6 thousand tons of 5% brokens and 15% brokens with Vietnam       

3.3. The import contract for 300 thousand tons of 15% brokens with Vietnam  

3.4. The import contract for 200 thousand tons of 15% brokens with Vietnam    

4. Tender of Egypt (GASC) 

PART 10: ANALYSIS ON RICE SECTOR STRUCTURE   

1. Rice value chain in Mekong River Delta 

1.1. Farmers       

1.2. Traders (merchants)

1.3. Processing and exporting enterprises  

1.4. The Vietnam Food Association (VFA) 

1.5. Ministry of Industry and Trade

1.6. Ministry of Agriculture and Rural Development

1.7. Banks       

2. SWOT analysis for rice sector  

2.1. Strengths 

2.2. Weaknesses   

2.3. Opportunities 

2.4. Threats          

PART 11: APPENDICES 

Appendix 1: Rice vessels at Saigon port and Hai Phong port  

Appendix 1.1: Rice vessels at Saigon port  

Appendix 1.2: Rice vessels at Hai Phong port   

Appendix 1.3: Rice vessels at My Thoi port 

Appendix 2: Basis for revising exports by market and variety/grade for the first 9 months of 2018  

Appendix 3: Rice market highlights in 2018

Appendix 4: Concepts and terms of rice industry 

Appendix 5: Policy documents affecting the rice industry in 2018 

 

LIST OF TABLES

Table 1: Global rice production, trade, consumption and stocks, 2012-2018 (million tons) 

Table 2: Exports of some countries, 2014-2018 (million tons)    

Table 3: Rice exports of countries, 2017-2018 (thousand tons)    

Table 4: Rice imports of countries, 2014-2018 (million tons)

Table 5: Rice imports of countries, 2017-2018 (thousand tons) 

Table 6: Global rice production, trade, consumption and stocks, 2012-2019 (million tons)

Table 7: Forecast on rice exports of markets in 2019 (thousand tons)  

Table 8: Forecast on rice imports of markets in 2019 (thousand tons) 

Table 9: Nationwide rice production in 2018 (Area: thousand ha. Yield: ton/ha. Production: thousand tons)  

Table 10: Rice production of Mekong River Delta in 2018 (Area: thousand ha. Yield: ton/ha. Production: thousand tons)

Table 11: Rice area and share of varieties of Mekong River Delta in 2017/18 Winter-Spring crop - Unit: Thousand ha 

Table 12: Rice area and share of varieties of Mekong River Delta in 2017/18 Summer-Autumn crop - Unit: Thousand ha

Table 13: Changes in 2018 Autumn-Winter rice variety structure compared to 2018 Summer-Autumn rice variety structure (consulting paddy rice merchants)

Table 14: Rice area and share of varieties of Mekong River Delta in 2018 Autumn-Winter crop and Mua crop - Unit: Thousand ha 

Table 15: Yield of IR50404 dry paddies by month in 2018 - Unit: Ton/ha

Table 16: Quality of IR50404 fresh paddies by crop in 2018   

Table 17: Yield of OM5451 dry paddies by month in 2018 - Unit: Ton/ha

Table 18: Quality of OM5451 fresh paddies by crop in 2018

Table 19: Yield of Jasmine dry paddies by month in 2018 - Unit: Ton/ha

Table 20: Quality of Jasmine fresh paddies by crop in 2018

Table 21: Yield of Dai Thom 8 dry paddies by month in 2018 - Unit: Ton/ha

Table 22: Quality of Dai Thom 8 fresh paddies by crop in 2018 

Table 23: Yield of Japonica dry paddies by month in 2018 - Unit: Ton/ha

Table 24: Quality of Japonica fresh paddies by crop in 2018

Table 25: Yield of Long An glutinous dry paddies by month in 2018 - Unit: Ton/ha 

Table 26: Yield of An Giang glutinous dry paddies by month in 2018 - Unit: Ton/ha 

Table 27: Quality of Long An glutinous dry paddies by crop in 2018

Table 28: Quality of An Giang glutinous dry paddies by crop in 2018  

Table 29: Exports of IR50404 rice by month in 2017 and 2018 (thousand tons)

Table 30: IR50404 rice supply-demand balance of Mekong River Delta in 2017

Table 31: IR50404 rice supply-demand balance of Mekong River Delta in 2018 

Table 32: Exports of Jasmine rice by month in 2017 and 2018 (thousand tons)

Table 33: Jasmine rice supply-demand balance of Mekong River Delta in 2017  

Table 34: Jasmine rice supply-demand balance of Mekong River Delta in 2018

Table 35: Exports of OM5451 rice by month in 2017 and 2018 (thousand tons) 

Table 36: OM5451 rice supply-demand balance of Mekong River Delta in 2018

Table 37: Exports of glutinous rice by month in 2017 and 2018 (thousand tons) 

Table 38: Glutinous rice supply-demand balance of Mekong River Delta in 2017

Table 39: Glutinous rice supply-demand balance of Mekong River Delta in 2018 

Table 40: Exports of Japonica rice by month in 2017 and 2018 (thousand tons)

Table 41: Japonica rice supply-demand balance of Mekong River Delta in 2017 

Table 42: Japonica rice supply-demand balance of Mekong River Delta in 2018

Table 43: Matrix of rice exports to major markets of Vietnam in 2019 (thousand tons)

Table 44: Outlook on some markets and rice varieties imported from Vietnam in 2019

Table 45: Outlook on IR50404 rice supply-demand balance of Mekong River Delta in 2019 

Table 46: Outlook on Jasmine rice supply-demand balance of Mekong River Delta in 2019  

Table 47: Outlook on OM5451 rice supply-demand balance of Mekong River Delta in 2019

Table 48: Outlook on glutinous rice supply-demand balance of Mekong River Delta in 2019

Table 49: Outlook on Japonica rice supply-demand balance of Mekong River Delta in 2019

Table 50: Rice exports by month, 2015-2018 (thousand tons)

Table 51: Comparing major indicators of the border trade channel in 2018 and 2017 (thousand tons)

Table 52: Comparing data on Vietnam’s rice exports in 2015-2018 among some organizations (million tons)

Table 53: AgroMonitor’s estimated rice exports in 2015-2017 (million tons)

Table 54: Changes in rank of top 10 markets, 2017-2018

Table 55: Rice exports to major markets in 2018 (thousand tons)

Table 56: Rice exports to major markets in 2017 (thousand tons) 

Table 57: Top 20 rice import markets by variety/grade in 2018 (thousand tons) 

Table 58: Top 20 rice import markets by variety/grade in 2017 (thousand tons)

Table 59: Top 20 rice import markets by variety/grade in 2018 (thousand tons) – revised based on the actual import markets and varieties/grades

Table 60: Top 20 rice import markets by variety/grade in 2017 (thousand tons)

Table 61: Rice exports of Vietnam by variety/grade and by quarter in 2018 (thousand tons) 

Table 62: Rice exports of Vietnam by variety/grade and by quarter in 2017 (thousand tons)

Table 63: Prices and volume of some IR50404 5% broken export contracts in 2018

Table 64: Top IR50404 5% broken export markets in 2018

Table 65: Top IR50404 5% broken exporting enterprises in 2018 

Table 66: Top IR50404 5% broken importing enterprises in 2018

Table 67: Prices and volume of some IR50404 10% broken export contracts in 2018 

Table 68: Prices and volume of some IR50404 15% broken export contracts in 2018 

Table 69: Top IR50404 15% broken export markets in 2018

Table 70: Top IR50404 15% broken exporting enterprises in 2018 

Table 71: Top IR50404 15% broken importing enterprises in 2018

Table 72: Prices and volume of some IR50404 25% broken export contracts in 2018   

Table 73: Top IR50404 25% broken export markets in 2018

Table 74: Top IR50404 25% broken exporting enterprises in 2018

Table 75: Top IR50404 25% broken importing enterprises in 2018

Table 76: Prices and volume of some IR50404 100% broken export contracts in 2018 

Table 77: Top IR50404 100% broken export markets in 2018

Table 78: Top IR50404 100% broken exporting enterprises in 2018

Table 79: Top IR50404 100% broken importing enterprises in 2018

Table 80: Prices and volume of some OM5451 export contracts in 2018

Table 81: Top OM5451 rice export markets in 2018

Table 82: Top OM5451 exporting enterprises in 2018

Table 83: Top OM5451 importing enterprises in 2018 

Table 84: Prices and volume of some glutinous rice export contracts in 2018

Table 85: Prices and volume of some glutinous broken rice export contracts in 2018

Table 86: Top glutinous rice export markets in 2018

Table 87: Top glutinous rice exporting enterprises in 2018

Table 88: Top glutinous rice importing enterprises in 2018

Table 89: Prices and volume of some Jasmine export contracts in 2018

Table 90: Prices and volume of some ST21 export contracts in 2018  

Table 91: Prices and volume of some KDM export contracts in 2018 

Table 92: Prices and volume of some Nang Hoa export contracts in 2018

Table 93: Prices and volume of some fragrant broken rice export contracts in 2018

Table 94: Top Jasmine export markets in 2018 

Table 95: Top ST21 export markets in 2018  

Table 96: Top KDM export markets in 2018

Table 97: Top Nang Hoa export markets in 2018    

Table 98: Top Jasmine exporting enterprises in 2018

Table 99: Top ST21 importing enterprises in 2018    

Table 100: Top KDM exporting enterprises in 2018 

Table 101: Top Nang Hoa exporting enterprises in 2018  

Table 102: Top Jasmine importing enterprises in 2018

Table 103: Top ST21 importing enterprises in 2018 

Table 104: Top KDM importing enterprises in 2018

Table 105: Top Nang Hoa importing enterprises in 2018  

Table 106: Price and volume of some Japonica export contracts in 2018 

Table 107: Top Japonica export markets in 2018

Table 108: Top Japonica exporting enterprises in 2018 

Table 109: Top Japonica importing enterprises in 2018 

Table 110: Export volume share of top 10 enterprises in 2017 and 2018 (thousand tons, %)

Table 111: Ranks of top rice exporting enterprises in volume in 2017 and 2018 

Table 112: Volume share of top 10 rice importing enterprises in 2017 and 2018 (thousand tons, %)  

Table 113: Ranks of top rice importing enterprises in volume in 2017 and 2018 

Table 114: Estimate on rice flow to the North and border trader in 12 months of 2018  

Table 115: Estimate on rice flow to the North and border trader in 12 months of 2017

Table 116: Estimate on total quantity Cambodian IR50404 paddies and milled rice delivered to Vietnam in 2018 (thousand tons)

Table 117: Prices of IR50404 fresh paddies by month in 2018 (VND/kg) 

Table 118: Prices of Cambodian KDM - Soc - Xencoop fresh paddies in 2018 (VND/kg)

Table 119: Rice exports of Cambodia to China (thousand tons)

Table 120: Korea’s bid invitations in 2018 (thousand tons)

Table 121: Result of Korea’s 72,800-ton-rice tender

Table 122: Result of Korea’s 102,800-ton-rice tender  

Table 123: Result of Korea’s 92,700-ton-rice tender

Table 124: Result of Korea’s 25,200-ton-rice tender

Table 125: Result of Korea’s 189,700-ton-rice tender

Table 126: Korea’s bid invitation for supplying 82.9 thousand tons of rice

Table 127: Result of Korea’s 45,300-ton-rice tender

Table 128: Result of the 250,000-ton-rice G2G tender (May 2018) of the NFA/Philippines   

Table 129: Result of the 250,000-ton-rice G2P tender (May 2018) of the NFA/Philippines

Table 130: Result of the 250,000-ton-rice G2P tender (October 18, 2018) of the NFA/Philippines

Table 131: Result of the 250,000-ton-rice G2P tender (November 20, 2018) of the NFA/Philippines

Table 132: Quantity – destination port and due date of arrival of the winning bidders in the Philippines’ 500,000-ton-rice G2P tender 

Table 133: Result of the 203,000-ton-rice G2G tender (November 28, 2018) of the NFA/Philippines 

Table 134: Detailed result of the G2G tender for 203 thousand tons (November 28, 2018) of the NFA/Philippines (including the winning bid on FOB basis and other costs)

Table 135: List of rice contracts signed by Bulog/Indonesia to purchase rice from Vietnam in 2018 

Table 136: Result of 346,000-ton tender (January 10, 2018) of Bulog/Indonesia:

Table 137: List of enterprises involving in the GASC’s tender:

Table 138: Rice volume loaded onto vessels at Saigon port to depart for other markets by month in 2018 (thousand tons)  

Table 139: Information about vessels to arrive at Saigon port to load rice – updated on January 7, 2019

Table 140: Rice volume (vessel) shipped to Hai Phong port by month in 2018 (thousand tons)

Table 141: Rice volume (vessel) shipped to Hai Phong port by month in 2017 (thousand tons)

Table 142: List of vessels shipping rice to Hai Phong port – updated on December 31, 2018 

Table 143: Major markets/consumption channels of rice carried by vessels at My Thoi port in the last 6 months of 2018 (thousand tons)

Table 144: Information about vessels arriving at My Thoi port to load rice – updated on January 4, 2019

Table 145: Comparing Malaysia’ rice imports for the first nine months of 2018 and the same period of 2017 (thousand tons) 

Table 146: Estimated rice volume shipped to the Philippines through Malaysia – Unit: Thousand tons

Table 147: National Standards (TCVN 5644:2008)

Table 148: Some specifications for packing export rice 

LIST OF FIGURES

Figure 1: World rice production and trade, 1990-2018 (million tons)

Figure 2: Global rice stocks and trade, 1990-2018 (million tons) 

Figure 3: Rice exports of Thailand, India, Pakistan and Vietnam, 2008-2018 (million tons)

Figure 4: Rice imports of Bangladesh, China, Haiti, Iran and Iraq, 2007-2018 (million tons)

Figure 5: Export prices of 5% brokens by month of Vietnam, India and Thailand, 2008-2018 (US$/ton, FOB)  

Figure 6: Export prices of 100% brokens by year of Vietnam and Thailand, 2008-2018 (US$/ton, FOB)

Figure 7: Export rice prices of Thailand by month, 1/2012–12/2018 (US$/ton, FOB, vessel)

Figure 8: Export rice prices of India and Pakistan by month, 1/2012-12/2018 (US$/ton, FOB)  

Figure 9: Prices of IR50404 fresh paddies by day, 2017-2018 - Unit: VND/kg

Figure 10: Prices of OM5451 fresh paddies by day, 2017-2018 - Unit: VND/kg 

Figure 11: Prices of Jasmine fresh paddies by day in 2018 - Unit: VND/kg

Figure 12: Prices of Dai Thom 8 fresh paddies by day in 2018 - Unit: VND/kg

Figure 13: Prices of Japonica fresh paddies by day in 2018 - Unit: VND/kg 

Figure 14: Prices of glutinous fresh paddies by day, 2018 - Unit: VND/kg

Figure 15: Export prices of 5% brokens of Vietnam, India and Thailand by week in 2018 (US$/ton, FOB) - updated as of week 12/11-16/11/2018   

Figure 16: Rice export volume and value of Vietnam by month, 2017-2018

Figure 17: Rice export volume structure by market in 2017

Figure 18: Rice export volume structure by market for the first 11 months of 2018

Figure 19: Rice export volume structure by variety/grade in 2017 

Figure 20: Rice export volume structure by variety/grade in 2018 

Figure 21: Top 10 rice exporting enterprises in 2018 by rice variety/grade (thousand tons)

Figure 22: Top 10 rice exporting enterprises in 2017 by rice variety/grade (thousand tons)

Figure 23: Top 10 rice importing enterprises in 2018 by variety/grade (thousand tons)   

Figure 24: Top 10 rice importing enterprises in 2017 by variety/grade (thousand tons)

Figure 25: Process of milling brown rice for delivery to North:

Figure 26: Rice value chain

Figure 27: Rice volume share by major markets (destinations) of vessels arriving at My Thoi port to load rice in the last 6 months of 2018

LIST OF PHOTOS

Photo 1: Early arrival of floodwater at the upstream of Dong Thap (Dinh Ba), resulting in flood and is expected to affect out-of-dike late Summer-Autumn rice in border districts of Dong Thap and An Giang.

Photo 2: Despite rains, farmers harvest OM5451 in Vinh Thanh, Can Tho in the context of rising floodwater overflowing into fields.. 

Photo 3: Floodwater overflowing into rice fields that are about to be harvested in Thoi Lai, Can Tho and farmers reinforcing the dykes.

Photo 4: A merchant in An Giang receiving 50 ha of IR50404 in Can Tho.

Photo 5: Harvest of IR50404 in Thoai Son – An Giang. Prices of paddies deposited three weeks before being harvested were VND 5,500/kg.

Photo 6: At the beginning of Summer-Autumn crop, OM5451 rice has been sowed for 30-35 days in Cao Lanh – Dong Thap (such paddies are expected to be harvested in mid-July). 

Photo 7: At the peaking harvest time of Summer-Autumn crop, prices of OM5451 paddies are revised down to VND 4,800/kg in Hau Giang. 89

Photo 8: Harvest of OM5451 in Co Do – Can Tho (the remaining rice area is very low). Paddies were deposited at VND 5,150/kg but current prices are VND 5,250-5,300/kg and there are no paddies for procurement

Photo 9: Harvest of Jasmine in Tan Hiep - Kien Giang. Harvesting pace is rapid on the sunny weather. Jasmine rice quality is better compared to 2017

Photo 10: Paddy rice merchants in An Giang receiving Dai Thom 8 fresh paddies in Thap Muoi (Dong Thap)

Photo 11: Harvest of Dai Thom 8 in Tan Hoi commune, Tan Hiep district, Kien Giang province. Paddies deposited at VND 5,500/kg are transacted at VND 5,350/kg; the paddy prices are on a decrease.

Photo 12: At the end of Summer-Autumn crop, paddy rice merchants purchased Dai Thom 8 paddies at VND 5,600/kg in An Giang. Paddy quality was not good.

Photo 13: Harvest of Winter-Spring Nang Hoa paddies in Thap Muoi district – Dong Thap. Paddy prices purchased by merchants on field are VND 6,200/kg.

Photo 14: Japonica rice field in Hon Dat – Kien Giang to be harvested in 7 days: very dry and good-looking paddies

Photo 15: Paddy rice merchants receive good-grade Japonica paddies in Hon Dat - Kien Giang; there is no lack of junks and furnaces; the delivered paddy supply is steady; the paddy supply on field is lower.

Photo 16: Japonica fresh paddies to be harvested in one week are collapsed in Hon Dat - Kien Giang

Photo 17: Japonica paddies harvested to avoid flood in Kien Giang have very poor quality

Photo 18: Harvest of An Giang glutinous rice in Phu Hung commune, Phu Tan district. Paddy prices are VND 5,550/kg (the highest for An Giang glutinous rice in 2018).

Photo 19: Harvest of Summer-Autumn 3.5-month An Giang glutinous rice in Phu Tan – An Giang. Prices of paddies being harvested are VND 4,350/kg on field.

Photo 20: 2018/19 Winter-Spring glutinous rice sowed for 30 days in Thanh Hoa – Long An.

Photo 21: Route of rice to be shipped to the North and border gates

Photo 22: An enterprise in Yen My - Hung Yen receives rice from Mekong River Delta at Le Quoc port - Hai Phong

Figure 23: Delivery of 15% brokens to the General Department of State Reserves at My Thoi port

Photo 24: Hoàng Lộc 26 vessel loading broken rice G1, broken rice G2, Japonica brown rice, glutinous brown rice for shipment to Hai Phong port

Photo 25: Transaction of glutinous rice and OM5451 at the border area between Cao Bang and China.

Photo 26: Cambodian Lai rice being sold at a small warehouse in Tram Troi - Hoai Duc - Hanoi.

Photo 27: OM5451 broken rice priced at VND 9,300/kg at warehouse of a rice enterprise in Tram Troi - Hoai Duc - Hanoi.

Photo 28: Transactions of Cambodian IR50404 paddies at Dinh Ba.  

Photo 29: Transactions of Cambodian IR50404 paddies at Dinh Ba. 

Photo 30: Transactions of Cambodian IR50404 paddies at Tinh Bien. 

Photo 31: Rising floodwater at Dinh Ba border gate, Dong Thap challenges the transportation of paddies to Vietnam. 

Photo 32: Cambodian KDM and Soc paddies delivered to Vietnam at Dinh Ba border gate..

Photo 33: Cambodian paddies delivered to Vietnam include a large amount of IR50404, Xencoop, 6-month KDM and Soc paddies. 

Photo 34: Cambodian IR50404 paddies at Dinh Ba border gate. 

Photo 35: Value chain of OM5451 rice from Ben 21 to Cambodia for exports to China.

Photo 36: OM5451 milled rice delivered from Vietnam to Cambodia for exports to China to avoid tax...

Photo 37: The 500,000-ton G2P tender in Manila on November 20, 2018

Photo 38: The 203,000-ton G2G tender on November 28, 2018

Photo 39: JOSEFA vessel arrived at Saigon port on November 10 to load 30.5 thousand tons of 5% brokens supplied by VinaFood 1 for delivery to Cuba.

Photo 40: GRACE C vessel arrived at Saigon port on July 20 to load 29 thousand tons of 5% brokens supplied by VNF 1 for delivery to Cuba.

Photo 41: VNS DIAMOND vessel of VinaFood 1 arrived at Saigon port on November 10 to load 14 thousand tons of 25% brokens for delivery to the Philippines as the enterprise was a winning bidder in the NFA’s 250,000-ton G2P tender. 

Photo 42: VINH HUNG vessel of VNF 1 arrived at Saigon port on May 25 to load 25% brokens for delivery to the Philippines.

Photo 43: Royal 27 vessel arrived at Saigon port on May 2 to load 11 thousand tons of 5% brokens and 15% brokens supplied by VNF2 for delivery to Indonesia.

Photo 44: Blue Star vessel arrived at Saigon port on May 2 to load 20 thousand tons of 15% brokens supplied by VNF 1 for delivery to Indonesia.

Photo 45: SEA SAPPHIR vessel of V.I.P Ltd arrived at Saigon port on November 9 to load 30 thousand tons of fragrant rice for delivery to Iraq.

Photo 46: CMB GIULIA vessel of V.I.P Ltd arrived at Saigon port on September 5 to load 30 thousand tons of fragrant rice for delivery to Iraq.

Photo 47: On November 21, SAMURAI INDAD vessel arrived at My Thoi port to load 33 containers (about 800-900 tons) of OM5451 and Jasmine supplied by Ngoc Quang Phat for delivery to Malaysia

Photo 48: HẢI BÌNH 16 vessel arrived at My Thoi port to load 4.1 thousand tons of OM5451 for delivery to Malaysia. The owners were Vilexim and Angimex. 

Photo 49: On December 7, ĐẠI DƯƠNG 18 vessel (3 thousand tons) arrived at My Thoi port to load IR50404 and bran supplied by Tan Hiep Thanh and Nguyen Loan. On the same day, TRƯỜNG XUÂN 09 vessel also arrived at the port to load 3 thousand tons of rice and IR50404 broken rice (the supplier remained unknown).  

Photo 50: Illustration of the Philippines’ (possible) import route through ports in North Malaysia

Photo 51: Japonica exported to Papua New Guinea by Thinh Rice at My Thoi port - An Giang. According to inspection staff, up to 30-40% of the Japonica volume was mixed with IR50404.

LIST OF BOXES

Box 1: AgroMonitor’s market information system: Flood in Mekong River Delta comes a half of month earlier than the previous year, affecting a lot of late Summer-Autumn rice area.

Box 2: AgroMonitor’s market information system: 2018 Autumn-Winter crop: Floodwater rising, overflowing into fields to be harvested lowering the paddy quality.

Box 3: IPO Vinafood II: Vinafood II’s initial public offering (IPO) for nearly 115 million shares at a starting price of VND 10,100 per share.  

Box 4: A strategic cooperation between Loc Troi Group and Phoenix.    

Box 5: SUNRICE Group’s development of a sustainable Japonica rice material zone in An Giang and acquisition of a rice mill in Dong Thap.   

 

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