Southeast Asian rice farmers struggle against Indian exports

Oversupply drags down Thai and Vietnamese export prices more than 30%

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Rice farmers protest against falling prices in Bangkok in March. (Photo by Kosuke Inoue)

KOSUKE INOUE, YUJI NITTA and TOMOYOSHI OSHIKIRI

BANGKOK/HANOI/JAKARTA -- Prices in Southeast Asian rice markets are plunging because of oversupply after India resumed exports of the staple grain.

White rice export prices in Thailand were $412 a tonne this month, according to the Thai Rice Exporters Association, down 31% from $599 per tonne a year ago.

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