MUMBAI -- Rice traders in India, the world's biggest supplier of the staple, are paring back their forecasts of record exports as buyers struggle to take on the glut of rice unleashed by the lifting of the country's export curbs. This comes as Indian exporters find themselves in a similar situation to their peers in Thailand and Vietnam, who have been hit by the drop in prices caused by the Indian oversupply.
Commodities
Indian rice exporters curb forecast as glut squeezes margins
Companies join Thai and Vietnamese peers in feeling pain of low prices
Rice from India inundated global markets earlier this year after the South Asian country, which makes up about 40% of global exports, lifted a number of export curbs. © Reuters
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