Vietnam rice market weekly from 1-6/9: Domestic rice price will remain at the low level
Summer-fall and fall-winter rice production in November 2009 will create a redundant rice supply. Domestic rice price is forecast to reduce at low level.

Export rice price of Vietnam is supported by import from Philippines and absence of India-the third largest rice exporter. However, a bulk of rice stock in Thailand as well as rice import of some large rice importers such as Indonesia will force export rice price of Vietnam. Export rice price of Vietnam is forecast to be low in the upcoming time.

Several movements over last week:
- Fall-winter paddy is sowed more lately than the plan
- Fertilizer price is stable or rises slightly
- Export rice is likely to prosper
- Rice export in the first 8 months of 2009 rose 41.78% in volume and reduced 3.77% in value
- The world rice price is forecast to reduce sharply in the upcoming time

According to “Vietnam rice market weekly report” – AGROINFO, www.agro.gov.vn



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