3rd March, 2015 Daily Global Rice E - Newsletter by Riceplus Magazine

Daily
Global
Daily Global Rice E-Newsletter by Riceplus Magazine
Rice E-Newsletter
3rd March , 2015
V o l u m e 5, Issue I
Indonesian government to control inflation optimally

Jakarta (ANTARA News) - The Indonesian government will take various measures and efforts to
control inflation in 2015, in accordance with its target plan."We will do anything to control
inflation," Coordinating Minister for Economic Affairs Sofyan Djalil said here on
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Monday.According to Djalil, the government can control inflation because the price of rice is no
longer a problem.
The current stock of rice is sufficient to meet demand till the next harvest season in March and
April 2015.Djalil revealed that the State Logistics Agency (Bulog) will play a greater role
towards this end.Earlier, he feared that the rising price of rice in various regions could lead to a
sharp increase in inflation.To prevent this, the government has taken anticipatory measures
related to the procurement of commodities."As the price of rice can affect inflation significantly,
the government is determined to tackle the problem," he stated here on Tuesday.To curb the
rising price of rice, he noted, the government has distributed rice to the poor (raskin)."We asked
Bulog to conduct market operations," he affirmed.
Djalil acknowledged that the rising price of rice is a result of scarcity in its supply, although
Bulogs stock of 1.4 million tons of rice could be sufficient to meet demand for the next few
months.Therefore, the problem of delays in supply is expected to be resolved soon."We have
distributed as much as 300 thousand tons of rice to the poor. Bulog must ensure the supply," the
minister emphasized.
Furthermore, Djalil also pointed out that the government will take legal action against
perpetrators found stocking and reselling rice illegally.Although the price of rice has increased,
that of other food commodities has not. This raised suspicion that the surge in the price of rice
was caused by traders hoarding stocks of the commodity.Moreover, the Central Statistics Agency
(BPS) remarked that the rising price of staple foods such as rice, eggs, and other commodities
can increase inflation pressure in February 2015.
"The prices of rice and other commodities are still high. If we look at indicators, we will find that
the price of rice is still high. It (inflation) may increase in February," Deputy Head of
Distribution and Service Statistics of the BPS, Sasmito Hadi Wibowo, said here on Monday.
According to Wibowo, the harvest season will boost production and supply, which will, in turn,
lower the price of rice.In addition, Social Affairs Minister Khofifah Indar Parawansa noted that
the distribution of raskin can reduce rice prices by up to 60 percent."The timely and precise
distribution of raskin can reduce rice prices by 50 to 60 percent," the minister affirmed here on
Sunday.
Parawansa admitted that the governments raskin program had distributed only 45 percent of its
total target of national rice distribution due to late supply in some regions.The minister pointed
out that rice stock in all Bulogs warehouses are safe and adequate, and they also have the budget.
So there is no longer any reason for Bulog to not distribute raskin."The fluctuating prices of rice
can be offset by the distribution of raskin," she stated.According to the minister, the budget
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allocated for the raskin program was Rp18.8 trillion for 15.5 million targeted households, with
15 kilograms of rice per month for each household.
UU.A063/INE
http://www.antaranews.com/en/news/97949/indonesian-government-to-control-inflation-optimally
High-Temperature Tolerance Enhancement Successful On

Tomatoes And Rice
Kathleen Lees k.lees@scienceworldreport.com
First Posted: Mar 02, 2015 12:15 PM EST
High-Temperature Tolerance Enhancement Successful On Tomatoes And Rice (Photo :
Flickr/Andry Wright)
Researchers at Kobe University Graduate School of Agricultural Science
Functional Phytochemistry Laboratory in Japan have identified for the
first time that the (E)-2-hexenal, otherwise known as a plant-derived
chemical substance that can induce a plant's stress response from high
temperatures.Plants have high-temperature resistance that's switched off
during normal conditions. During the study, researchers hypothesized that
if certain chemical signals in the plants that switch the functions on could
be identified, then the plants' stress response to high temperatures could be
controlled artificially.
Previous research has shown that some plants' high-temperature resistance function works to
switch on when oxidative treatment is applied. Researchers believed that a chemical compound
that's generated through oxidation of fatty acids in plants by reactive oxygen triggers the switch.
Through their experiments, the researchers identified that the (E)-2-hexenal compoundacts as a
signal chemical.
Researchers examined the effects of the (E)-2-hexenal at cooperative farms and found their use
effective on cucumbers, rice and tomatoes."Acquired thermotolerance in plants in a nongenetically modified way. It will be easier for this method to find acceptance in Japan where
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consumers are less accepting of genetically-modified crops," the study stated, according to a
news release. "Since the (E)-2-hexenal is a plant-derived chemical substance, its use as a spray
over farm produce will face little resistance from consumers."
Rice exports to plunge as Thailand offloads grain from

its stockpiles
Reuters Mar 2, 2015, 12.15PM IST
Tags:
Thailand|
stocks|
rice|
exports|
bangkok
("The Thai govt's efforts)
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MUMBAI/BANGKOK: India's rice exports will struggle to compete with cheaper cargoes from No.1
seller Thailand in 2015 as Bangkok looks to offload grain from its huge state stockpiles, industry officials
and traders said.
B.V. Krishna Rao, managing director of leading Indian rice shipper Pattabhi Agro Foods Pvt Ltd, said the
country's exports could plunge by a fifth this year to 8 million tonnes, with some other industry officials in
the country making similar warnings.
Lower exports will leave more rice in Indian hands, piling pressure on already-bulging storage and raising
the spectre of grain getting damaged in temporary silos.
But competition among the world's top two exporters will drag further on prices that have fallen 5 percent
since the start of October. That's good news for African nations like Nigeria and Senegal that are typically
major buyers of Asian rice.
"The Thai government's efforts to sell rice from its own warehouses has been putting pressure on global
prices and limiting Indian exports," said Rao.
Thailand will open a tender to sell around 1 million tonnes of rice in March, as it tries to shift over 17
million tonnes of rice built up under a controversial subsidy scheme. It aims to sell 10 million tonnes in
2015 and 7 million next year.
Indian exporters can compete with private Thai traders, but not with the government as it can cut prices to
generate demand for old stock, said M. Adishankar, executive director at Sri Lalitha, a major rice exporter
in southern India.
In the latest tender, Thailand sold 5-percent broken rice from old stocks for $236 to $378 per tonne,
although the market price for new crops was around $415. India has recently offered the same grade at
around $400.
"The government's rice is old and has been stored for a long time so its value depreciates accordingly ...
there is always a price gap between new rice and old rice," said an official at the Thai Rice Exporters
Association, who declined to be identified.
India, which lost the top rice exporter spot in 2014, could see its shipments of non-basmati or common
grade rice fall by nearly a quarter to 5 million tonnes in 2015, while exports of aromatic basmati could
drop over 14 percent to 3 million tonnes, Rao said.
Basmati sales have also been hit after top buyer Iran suspended imports late last year to support local
farmers, although one exporter expected shipments to restart in April.
Rice inventories at India's state-run agencies had jumped to around 25 million tonnes by Feb. 1, nearly
double the targeted level, government data shows.
Indian rice exports to plunge as Thailand offloads

stocks
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REUTERS
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Thai farmer loads paddy onto a truck.

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MUMBAI/BANGKOK, MARCH 2:
India's rice exports will struggle to compete with cheaper cargoes from No.1 seller Thailand in 2015
as Bangkok looks to offload grain from its huge state stockpiles, industry officials and traders said.
B.V. Krishna Rao, managing director of leading Indian rice shipper Pattabhi Agro Foods Pvt Ltd, said
the country's exports could plunge by a fifth this year to 8 million tonnes, with some other industry
officials in the country making similar warnings.
Lower exports will leave more rice in Indian hands, piling pressure on already-bulging storage and
raising the spectre of grain getting damaged in temporary silos.
But competition among the world's top two exporters will drag further on prices that have fallen 5
per cent since the start of October. That's good news for African nations like Nigeria and Senegal that
are typically major buyers of Asian rice.
"The Thai government's efforts to sell rice from its own warehouses has been putting pressure on
global prices and limiting Indian exports," said Rao.
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Thailand will open a tender to sell around 1 million tonnes of rice in March, as it tries to shift over 17
million tonnes of rice built up under a controversial subsidy scheme. It aims to sell 10 million tonnes
in 2015 and 7 million next year.
Indian exporters can compete with private Thai traders, but not with the government as it can cut
prices to generate demand for old stock, said M. Adishankar, executive director at Sri Lalitha, a
major rice exporter in southern India.
In the latest tender, Thailand sold 5-percent broken rice from old stocks for $236 to $378 per tonne,
although the market price for new crops was around $415. India has recently offered the same grade
at around $400.
"The government's rice is old and has been stored for a long time so its value depreciates accordingly
... there is always a price gap between new rice and old rice," said an official at the Thai Rice
Exporters Association, who declined to be identified.
India, which lost the top rice exporter spot in 2014, could see its shipments of non-basmati or
common grade rice fall by nearly a quarter to 5 million tonnes in 2015, while exports of aromatic
basmati could drop over 14 percent to 3 million tonnes, Rao said.
Basmati sales have also been hit after top buyer Iran suspended imports late last year to support
local farmers, although one exporter expected shipments to restart in April.
Rice inventories at India's state-run agencies had jumped to around 25 million tonnes by Feb. 1,
nearly double the targeted level, government data shows.
(This article was published on March 2, 2015)
he 22 Mood Foods
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Are you eating enough mood foods?
Most Popular
SHARESTUMBLESHAREPINTWEET
by Lucy Walton-Lange | 3 March 2015

For those of you are looking for a natural mood booster- then all you need to do is take a closer look
at your diet. NHS nutritionist Dr Sarah Schenker and food psychologist Dr Chrsity Fergusson have
teamed up with Tilda and come up with a seven day food planner using the top 22 mood foods to
eat your way to happiness.
These foods help control cravings of fatty, sugary foods, lift your mood and improve your energy.
Top 22 mood foods

Pumpkin Seeds
Chia Seeds
Salmon
Wholegrain Basmati - "Wholegrain Basmati" Dr Sarah Schenker says is a great addition to the diet.
Fluctuations in blood sugar levels are associated with changes in mood and energy, in turn blood
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sugar levels are affected by what we eat and drink. After eating sugary foods or refined
carbohydrates, your blood sugar levels can rise rapidly which may cause feelings of stress and
anxiety, only to crash soon after, which can then leave you feeling lethargic or in low spirits. Low GI
foods such as wholegrain Basmati rice contain the type of carbohydrate that releases energy slowly,
keeping your blood sugar levels steady and maintaining a more balanced, calm mood.
Dr Christy Fergusson says "Many of us spend our days riding the blood sugar rollercoaster. We feel
happy one minute, and then the next we are spiralling down towards irritability and anxiety.
Wholegrain Basmati rice helps us feel calm and content from morning until night. Stacked up against
other types of rice, wholegrain Basmati is top of the list." How to incorporate Wholegrain Basmati
into your diet? Serve wholegrain Basmati rice with curries, stews, casseroles, tagines and use in
pilafs and kedgeree.
Quinoa
Chickpeas
Coconut
Asparagus
Spinach
Beans
Chicken & Turkey
Avocado
Blueberries
Bananas
Pomegranates
Brazil Nuts- "Brazil Nuts", Dr Sarah Schenker says, "are the richest source of the mineral selenium,
containing 10 times more than the next richest source. Selenium-rich food helps to combat
depression and studies have shown that eating a small handful of Brazil nuts everyday can help to
improve mood." Dr Christy Fergusson says "your thyroid plays a key role in your mood. However, to
work properly it relies on selenium. This makes this special little mineral a powerful mood enhancer."
How to incorporate Brazil nuts into your diet? Eat a small handful of Brazil nuts between meals, chop
and sprinkle into yoghurt with grated dark chocolate.
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Ginger
Beetroot
Chilli
Yoghurt
Broccol- Dr Sarah Schenker continues "Brocolli is another great 'mood food', B vitamin folate and
vitamins B3, B6 and B12 are all essential for healthy moods. Low intakes of the B vitamin folate has
been linked to poor mood and risk of depression. These green leafy vegetables are amongst the
richest sources of B vitamin available. This is also great news for your skin as Vitamin B promotes
healthy hair, skin and nails."
Dr Christy Fergusson says "to make the feel good chemical serotonin your body needs a healthy
supply of B vitamins including fabulous folate. When our B vitamins are in short supply, we can't
properly metabolise our neurotransmittors leaving us low in our mood-boosters serotonin and
dopamine, which controls pleasure. So how can you guarantee you get a folate fix and a healthy
dose of the B-vitamins? Bring out the broccoli. Half a cup of broccoli is all you need for 52mg of
folate. Packed with B-vitamins, this is an ideal food to introduce into your diet." How to incorporate
broccoli into your diet? Serve steamed broccoli with fish or chicken dishes, use in omelettes and
risottos.
Dark Chocolate
To find out more about how the other foods listed above and what you eat can affect your mood and
to download a handy seven day meal planner, including recipes, visit tilda.com
by Lucy Walton-Lange for www.femalefirst.co.uk
Read more: http://www.femalefirst.co.uk/foodanddrink/top-mood-foods-652047.html#ixzz3TYqLzjwZ
APEDA presents India's organic tradition at Engredea

Mar 2, 2015Agricultural and Processed Food Products Export Development Authority Engredea News & Analysis
EMAIL
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India will showcase its strength in organic products by displaying basmati rice, tulsi tea, pulses, cashew, spices
and condiments.
More About:
Herbs and Botanicals
Natural Products Expo West is the world's largest event devoted to natural and specialty
food and beverages, supplements, health and beauty, and natural living products including
organic products. India is participating for the first time to market organic products to the
U.S. Being that the U.S. is the largest market for organic products in the world, there are
plenty of opportunities to meet the market demand. India has the potential to supply all
varieties of organic products to the U.S.
Agricultural and Processed Food Products Export Development Authority (APEDA), under
the Ministry of Commerce & Industry, Government of India, has been participating in
several international trade fairs to provide a platform to their exporters to explore new
opportunities in the global market. Considering the global demand of Indian organic
products, APEDA is participating in Natural Products Expo West/Engredea March 6 to 8 at
the Anaheim Convention Center in Anaheim, Calif., to unleash this unique opportunity for
organic trade promotion in the U.S.
India will be showcasing its strength in the organic products it can offer by displaying
basmati rice, tulsi tea, pulses, cashew, spices and condiments. A wet sampling will also be
carried out during the exhibition to provide the taste of Indian cuisine of Biryani made of
Organic Basmati rice and hot herbal tea made of Indian basil.
For more details on India Organic, please visit APEDAs website at apeda.gov.in.
Amira Nature Foods Ltd Provides

Presentation for Third Quarter 2015
Financial Results
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Mon Mar 2, 2015 5:11pm EST

* Reuters is not responsible for the content in this press release.
Amira Nature Foods Ltd Provides Presentation for Third Quarter 2015
Financial Results
Reported Record Revenue, EBITDA and Earnings
Third Quarter Revenue and Profits Increased by 35% or More
Amira Nature Foods Ltd (the Company; or Amira) (NYSE: ANFI), a leading global
provider of packaged Indian specialty rice, reported financial results earlier today for its
fiscal 2015 third quarter which ended on December 31, 2014.
As referenced in the earnings release and conference call, a presentation was posted to the
Companys website at http://www.amira.net/investor/financial-reports-information/. The
investor presentation includes two sections titled Fiscal Q3 2015 Financial
Resultsand The Truth About Amira: AMIRA FACTS (2012-2015).
About Amira Nature Foods Ltd.
Founded in 1915, Amira has evolved into a leading global provider of branded packaged
Indian specialty rice, with sales in over 60 countries today. The Company primarily sells
Basmati rice, which is a premium long-grain rice grown only in certain regions of the Indian
sub-continent, under its flagship Amira brand as well as under other third party brands.
Amira sells its products through a broad distribution network in both the developed and
emerging markets. The Companys global headquarters are in Dubai, United Arab Emirates,
and it also has offices in India, Malaysia, Singapore, Germany, the United Kingdom, and the
United States. Amira Nature Foods Ltd is listed on the New York Stock Exchange (NYSE)
under the ticker symbol ANFI. For more information please visitwww.amira.net.
Amira Nature Foods Ltd

Bruce Wacha
Chief Financial Officer
201-960-0745
bruce.wacha@theamiragroup.com
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Sponsor
Futures and Commodity Market News
Amira Nature Foods Ltd Announces Third Quarter 2015

Financial Results
NEW YORK, Mar 02, 2015 (BUSINESS WIRE) ---Third Quarter Revenue and Profits Increased by 35.0% or More
Amira Nature Foods Ltd (the "Company;" or "Amira") (NYSE: ANFI), a leading global provider of
branded, packaged Indian specialty rice, today reported financial results for its fiscal 2015 third quarter
which ended on December 31, 2014.
Third Quarter 2015 Financial Highlights versus Third Quarter 2014:
-- Revenue grew 35.0% to $192.4 million compared to $142.5 million
-- Adjusted EBITDA increased 36.6% to $27.7 million compared to $20.3 million
-- Adjusted EBITDA margin of 14.4%
-- Profits after tax increased 82.8% to $14.1 million compared to $7.7 million
-- Adjusted profits after tax increased 52.9% to $15.9 million compared to $10.4 million
-- Adjusted earnings per share ("EPS") was $0.44 compared to $0.29
Karan A Chanana, Amira's Chairman and Chief Executive Officer, stated, "Our strong fiscal third
quarter performance reflects increased demand for our products across categories and geographies.
We continued to make investments in our Amira brand in the quarter, while also building our
infrastructure as we further develop our global distribution footprint. In India, we plan to add more
Company-managed distribution centers, and in the US we expect our new strategic distribution
partnerships with CROSSMARK and UNFI will help us to better capture the many international
opportunities for growth with the Amira brand. As we celebrate our centennial in 2015, Amira is better
positioned than ever before with the right people, products and strategic initiatives in place to drive
incremental sales and profitability."
Bruce Wacha, Amira's Chief Financial Officer, added, "During our fiscal third quarter, we generated
record quarterly revenue, adjusted EBITDA and adjusted EPS which represents our tenth consecutive
quarter of double digit revenue and profit growth as a public company. Our growth in the third quarter
was driven primarily by volume gains as we build out our distribution around the globe and capitalize
on the continued demand for healthy, better for you products such as our premium, specialty rice. Our
Basmati and other specialty rice sales were up significantly in the third quarter, while revenues also
benefited from an increase in our more opportunistic institutional business. Going forward, we continue
to see many opportunities in India and around the world to further grow our business and create value
for our shareholders."
Third Quarter Fiscal 2015 Results
Revenue for the third quarter of fiscal 2015 increased 35.0% to $192.4 million, compared to $142.5
million for same period in fiscal 2014. The revenue increase was primarily due to increased sales
volume and product mix in India and internationally. Sales in India increased 30.7% to $86.6 million,
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while sales outside of India, or international sales, increased 38.9% to $105.8 million. Amira branded
and third party branded sales increased 29.2% to $176.4 million and institutional sales increased
$10.1 million to $16.0 million.
Cost of material including the change in finished goods increased by $45.3 million or 42.2% to $152.7
million, and as a percentage of revenue increased by 390 basis points to 79.3% from 75.4% in the
year ago period. Cost of material including change in finished goods as a percentage of revenue plus
foreign exchange gain/ (loss) (due to hedging of foreign exchange risk) increased by 330 basis points
to 79.2% of sales from 75.9% in the prior period. This was largely driven by higher cost of raw material
from the procurement season of the fiscal 2014.
Increase in cost of material, including the change of finished goods were offset in part by other line
items throughout the P&L. Freight, forwarding and handling expenses decreased by 180 basis points
to 2.4% of sales from 4.2% in the prior period, due to more shipments involving free on board.
Employee benefit costs decreased 110 basis points to 2.3% of sales compared to 3.4% of sales in the
prior year period. Other expenses decreased 80 basis points to 3.2% of sales from 4.0% of sales in
the year ago period. Other gains / losses showed a gain of $1.3 million versus a loss of $0.9 million in
the prior year period.
Adjusted EBITDA increased $7.4 million or 36.6% to $27.7 million and Adjusted EBITDA margin
increased to 14.4%. Profits after tax increased 82.8% to $14.1 million compared to $7.7 million in the
prior year period. Adjusted profit after tax increased by 52.9% to $15.9 million for the three months
ended December 31, 2014 compared to $10.4 million in the year ago period. Adjusted EPS increased
52.9% to $0.44 per share from $0.29 per share in the prior year period. The Company's effective tax
rate was 21.8% for the period compared to 19.1% for the prior year period. A reconciliation of adjusted
EBITDA, adjusted profit after tax and adjusted EPS is provided in the "Non-IFRS Financial Measures"
section of this release.
First Nine Months of Fiscal 2015 Results
For the first nine months of fiscal 2015, revenue increased $111.8 million or 31.0% to $472.6 million,
compared to $360.8 million for the same period of fiscal 2014. Adjusted EBITDA increased $17.5
million or 35.7% to $66.5 million, compared to $49.0 million for the same period in fiscal 2014.
Adjusted profit after tax increased 47.8% to $35.7 million, compared to $24.2 million in the same
period in fiscal 2014. Adjusted EPS was $0.99 compared to $0.68 for the first nine months of fiscal
2014.
Balance Sheet and Cash Flow Highlights
As of December 31, 2014, the Company's cash and cash equivalents were $27.0 million and adjusted
net working capital was $339.4 million. Net debt (after deducting cash and cash equivalents) was
$160.1 million. As of December 31, 2014, inventories were $253.8 million compared to $255.0 as of
March 31, 2014, trade receivables were $99.1 million, an increase of $18.2 million from $80.9 million,
trade payables were $16.5 million, a decrease of $24.7 million from $41.2 million. Total debt was
$187.1 million, an increase of $2.3 million from $184.8 million. Reconciliations of adjusted net working
capital and net debt to the IFRS measures of working capital and total current and non-current debt,
respectively, are provided in the "Non-IFRS Financial Measures" section of this release.
Fiscal 2015 Outlook
The Company reiterated its previously-issued guidance and expects full-year fiscal 2015 revenue and
adjusted EBITDA growth in excess of 25%. This is in line with long-term guidance previously provided
to the investment community. The Company's guidance is based on foreign exchange rates as of
December 31, 2014.
Conference Call
The Company will hold an investor call today at 8:30 a.m. Eastern time. The dial-in number for this
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conference call is 1-877-407-3982 for North American listeners and 1-201-493-6780 for international
listeners. Live audio of the conference call and a supplemental presentation will be simultaneously
webcast on the investor relations section of the Company's website at www.amira.net.
An audio replay will be available following the completion of the conference call by dialing 1-877-8705176 for North American listeners or 1-858-384-5517 for international listeners (conference ID
13602559). The webcast of the teleconference will be archived and available on the Company's
website.
About Amira Nature Foods Ltd
Founded in 1915, Amira has evolved into a leading global provider of branded packaged Indian
specialty rice, with sales in over 60 countries today. The Company primarily sells Basmati rice, which
is a premium long-grain rice grown only in certain regions of the Indian sub-continent, under its
flagship Amira brand as well as under other third party brands. Amira sells its products through a
broad distribution network in both the developed and emerging markets. The Company's global
headquarters are in Dubai, United Arab Emirates, and it also has offices in India, Malaysia, Singapore,
Germany, the United Kingdom, and the United States. Amira Nature Foods Ltd is listed on the New
York Stock Exchange (NYSE) under the ticker symbol "ANFI." For more information please visit
www.amira.net.
Cautionary Note on Forward-Looking Statements
This release contains forward-looking statements within the meaning of the U.S. federal securities
laws. These forward-looking statements generally can be identified by phrases such as that we or our
members of management "believe," "expect," "anticipate," "foresee," "forecast," "estimate" or other
words or phrases of similar import. Specifically, these statements include, among other things,
statements that describe our expectations for the growth of our business, expansion into new
geographic markets, maintaining and expanding our relationship with key retail partners, the financial
impact of new sales contracts on our revenue, our plans to make significant capital expenditures, and
other statements of management's beliefs, intentions or goals. It is uncertain whether any of the
events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what
impact they will have on our results of operations, financial condition, or the price of our ordinary
shares. These forward-looking statements involve certain risks and uncertainties that could cause
actual results to differ materially from those indicated in such forward-looking statements, including but
not limited to our ability to penetrate and increase the acceptance of our products in new geographic
markets; our ability to perform our agreements with customers and further develop our relationships
with key retail partners; our ability to recognize revenue from our contracts; continued competitive
pressures in the marketplace; our reliance on a few customers for a substantial part of our revenue;
our ability to implement our plans, forecasts and other expectations with respect to our business and
realize additional opportunities for growth; and the other risks and important factors contained and
identified in our filings with the Securities and Exchange Commission. All forward-looking statements
attributable to us or to persons acting on our behalf are expressly qualified in their entirety by these
risk factors. Since we operate in an emerging and evolving environment and new risk factors and
uncertainties emerge from time to time, you should not rely upon forward-looking statements as
predictions of future events. Except as required under the securities laws of the United States, we
undertake no obligation to update any forward-looking or other statements herein to reflect events or
circumstances after the date hereof, whether as a result of new information, future events or
otherwise.

Condensed Consolidated Statements of Financial Position
(Amounts in USD)
--------------------------------------------------------------------
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------------------------------------------------------------------------As at
As at
December 31, 2014

March 31, 2014
(Unaudited)
(Audited)
----------------------------------------------------------------------------------------------------ASSETS
Non-current
Property, plant and equipment
$ 22,037,426
$ 23,284,918
Goodwill
1,549,872
1,727,338
Other intangible assets
1,898,476
2,262,731
Other long-term financial assets
592,950
485,731
-------------------- ----------- --------------------------------------- ----------- -------------------Total non-current assets

$ 26,078,724
$ 27,760,718
-------------------- ----------- --------------------------------------- ----------- -------------------Current
Inventories
$ 253,752,955
$ 254,952,549
Trade receivables
99,132,069
80,882,986
Derivative financial assets
260,034
2,352,886
Other financial assets
11,541,259
9,768,514
Prepayments
10,206,040
8,361,244
Other current assets
1,664,630
765,655
Cash and cash equivalents
26,960,875
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-------------------- ----------- --------------------------------------- ----------- -------------------Total current assets

$ 403,517,862
$ 394,689,932
-------------------- ----------- --------------------------------------- ----------- -------------------Total assets
$ 429,596,586
$ 422,450,650
==================== =========== ====================
==================== =========== ====================
EQUITY AND LIABILITIES
Equity
Share capital
$
9,119
$
9,115
Share premium
82,896,597
82,804,750
Other reserves
(8,575,285 )
(3,312,575 )
Retained earnings
100,878,863
74,334,687
Equity attributable to shareholders of the Company
$ 175,209,294
$ 153,835,977
Equity attributable to non-controlling interest
23,479,458
18,005,030
-------------------- ----------- --------------------------------------- ----------- -------------------Total equity

$ 198,688,752
$ 171,841,007
-------------------- ----------- --------------------------------------- ----------- -------------------Liabilities
Non-current liabilities
Defined benefit obligations
$
344,971
$
246,548
Debt
1,676,780
2,739,414
Deferred tax liabilities
6,291,114
6,666,270
-------------------- ----------- --------------------
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-------------------- ----------- -------------------Total non-current liabilities
$
8,312,865
$
9,652,232
-------------------- ----------- --------------------------------------- ----------- -------------------Current liabilities
Trade payables
$ 16,451,264
$ 41,197,158
Debt
185,432,472
182,103,347
Current tax liabilities (net)
13,066,707
9,644,944
Derivative financial liabilities
489,466
Other financial liabilities
5,814,444
6,031,593
Other current liabilities
1,340,616
1,980,369
-------------------- ----------- --------------------------------------- ----------- -------------------Total current liabilities

$ 222,594,969
$ 240,957,411
-------------------- ----------- --------------------------------------- ----------- -------------------Total liabilities
$ 230,907,834
$ 250,609,643
-------------------- ----------- --------------------------------------- ----------- -------------------Total equity and liabilities
$ 429,596,586
$ 422,450,650
==================== =========== ====================
==================== =========== ====================

Condensed Consolidated Statements of Profit or Loss
(Amounts in USD)
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--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Nine months ended
Three months ended
December 31, 2014
31, 2013
December 31, 2014
31, 2013
December
December
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Revenue
$ 472,607,849
$ 360,774,711
$ 192,407,304
$ 142,478,370
Other income
92,692
108,120
18,033
13,057
Cost of material
(427,274,003 )
(291,031,271 )
(159,601,896 )
(109,089,976 )
Change in inventory of finished goods
56,061,879
14,195,269
6,949,431
1,710,878
Employee benefit expenses
(9,763,317 )
(9,103,034 )
(4,344,311 )
(4,850,720 )
Depreciation and amortization
(1,778,915 )
(1,472,270 )
(576,736 )
(521,070 )
Freight, forwarding and handling expenses
(14,011,609 )
(15,907,424 )
(4,595,471 )
(6,045,737 )
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Other expenses
(17,638,443 )
(12,101,245 )
(6,071,914 )
(5,644,163 )
-----------------------------------------------------------------------------
---------------------------------------------
-----------------------------------------------------------------------------
$
58,296,133
$
45,462,856
$
24,184,440
$
18,050,639
Finance costs
(23,066,231 )
(18,864,147 )
(7,928,780 )
(8,284,701 )
Finance income
1,632,163
2,248,529
548,802
685,383
Other gains and (losses)
4,543,029
)
1,251,358
)
-------------------- ------------------------------- ------------------------------- ------------------------------- -----------Profit before tax for the period
$
41,405,094
$
28,135,675
$
18,055,820
$
9,548,930
Income tax expense
(7,629,792 )
(6,780,309 )
(3,927,670 )
(1,819,944 )
(711,563
(902,391
-----------------------------------------------------------------------------
-------------------- ----------------------------------------------------- ----------------------------------------------------- ----------------------------------------------------- ---------------------------------Profit after tax for the period
$
33,775,302
$
21,355,366
$
14,128,150
$
7,728,986
Profit after tax attributable to:
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Shareholders of the Company
$
26,544,176
$
16,585,182
$
10,967,083
$
5,680,798
Non-controlling interest
$
7,231,126
$
4,770,184
$
3,161,067
$
2,048,188
Earnings per share
Basic earnings per share
$
0.93
$
0.58
$
0.38
$
0.20
Diluted earnings per share
$
0.92
$
0.58
$
0.38
$
0.20
-----------------------------------------------------------------------------
---------------------------------------------
-----------------------------------------------------------------------------

Condensed Consolidated Statements of Comprehensive Income
(Amounts in USD)
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Nine months ended
Three months ended
December 31, 2014
December 31, 2014
December 31, 2013

December 31, 2013
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
-------------------------------------------------------------------------------------------------------------------------------------------------------------
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Profit after tax for the period
$
33,775,302
$
21,355,366
$
14,128,150
$
7,728,986
Other comprehensive income
Items that may be reclassified subsequently to profit or loss:
Available for sale financial assets:
Current period gain/(loss)
48,434
(14,536)
18,304
9,258
Reclassification to profit or loss
Income tax
(11,622)
4,941
(6,222)
(3,147)
----------------------------------------------------------------------------$
$
$
$
-----------------------------------------------------------------------------
36,812
(9,595)
12,082
6,111
-------------------- --------------------------------------- --------------------------------------- --------------------------------------- -------------------Cash flow hedging reserve:

Current period gain/(loss)
1,948,914
(8,090,011)
281,214
2,976,006
Reclassification to profit or loss
(2,872,337)
3,281,293
(284,792)
1,072,748
Income tax
313,871
1,634,483
1,216
(1,376,172)
-------------------- --------------------------------------- --------------------
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-------------------- --------------------------------------- -------------------$
$
$
$
(609,552)
(3,174,235)
(2,362)
2,672,582
-----------------------------------------------------------------------------
-----------------------------------------------------------------------------
-------------------- -------------------- -------------------- ------------------- -------------------- -------------------- ------------------- -------------------- -------------------- ------------------- -------------------- -------------------- --------------------------------------Currency translation reserve
(8,370,804)
(15,407,013)
(5,036,825)
2,167,917
-----------------------------------------------------------------------------
-----------------------------------------------------------------------------
-------------------- -------------------- -------------------- ------------------- -------------------- -------------------- ------------------- -------------------- -------------------- ------------------- -------------------- -------------------- --------------------------------------Other comprehensive income/(loss) for the period, net of tax
$
(8,943,544)
$
(18,590,843)
$
(5,027,105)
$
4,846,610
-------------------- --------------------------------------- --------------------------------------- --------------------------------------- -------------------Total comprehensive income for the period
$
24,831,758
$
2,764,523
$
9,101,045
$
12,575,596
-----------------------------------------------------------------------------
-----------------------------------------------------------------------------
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Total comprehensive income for the period attributable to:
Shareholders of the Company
$
19,357,330
$
1,636,105
$
6,927,407
$
9,575,433
Non-controlling interest
Amira Nature Foods Ltd to Participate

in the 4th Annual UBS Global
Consumer Conference
Tue Mar 3, 2015 4:00pm EST
Amira Nature Foods Ltd to Participate in the 4th Annual UBS Global Consumer
Conference
Amira Nature Foods Ltd (the Company; or Amira) (NYSE: ANFI), a leading global
provider of branded packaged Indian specialty rice, today announced that Bruce Wacha,
Amiras Chief Financial Officer, will present at the 4th Annual UBS Global Consumer
Conference on Thursday, March 5, 2015 at 9:30 a.m. ET.
Live audio of the presentation will be simultaneously webcast on the investor relations
section of the Companys website at www.amira.net. The webcast of the presentation will be
archived and available on the Companys website.
Indian specialty rice and other products, with sales in over 60 countries today. The
Company primarily sells Basmati rice, which is a premium long-grain rice grown only in
certain regions of the Indian sub-continent, under its flagship Amira brand as well as under
other third party brands. Amira sells its products through a broad distribution network in
both the developed and emerging markets. The Companys global headquarters are in
Dubai, United Arab Emirates, and it also has offices in India, Malaysia, Singapore,
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Germany, the United Kingdom, and the United States. Amira Nature Foods Ltd is listed on
the New York Stock Exchange (NYSE) under the ticker symbol ANFI.
For more information, please visit www.amira.net.

Bruce Wacha, 201-960-0745
Unhusked rice production

reaches 12.39 million tons
in East Java
The Jakarta Post, Jakarta | Business | Tue, March 03 2015, 12:21 PM
Business News
Total to team up with Pertamina in Mahakam block

Bank Indonesia to set ATM merger policy
Rupiah opens at Rp 12,972 per dollar on Friday
The production of unhusked rice last year reached 12.39 million tons in East Java, increasing by 2.9
percent from 12.04 million tons in 2013, according to Central Statistics Agency (BPS) data.
"The increase was made possible by the expansion of harvest areas and rising productivity," head of
BPS' East Java office M Sairi Hasbullah said in Surabaya on Thursday as quoted by Antara news
agency.
The production increase was recorded in a number of regencies in 2014. The highest level of production
had been achieved in Lamongan with a production increase of 87,990 tons, followed by Bojonegoro with
66,850 tons, Tuban with 33,760 tons, Madiun with 24,120 tons and Tulungagung with 24,100 tons, Sairi
said.
Areas experiencing production decreases were Banyuwangi with a decrease of 53,640 tons, Sumenep
with 29,320 tons, Situbondo with 25,820 tons and Probolinggo with 20,070 tons, he said. (hhr)
- See more at: http://www.thejakartapost.com/news/2015/03/03/unhusked-rice-production-reaches-1239million-tons-east-java.html#sthash.MWY06VJP.dpuf
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Fall in rice output tests

Jokowis food vision
Satria Sambijantoro, The Jakarta Post, Jakarta | Headlines | Tue, March 03 2015, 5:45 AM
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Headlines News
Death row convicts isolated, depressed

LIPI designs two batches of concurrent polls
Police asked to stop cracking down on media
Farmers reported declining rice production throughout last year, indicating a challenging test for President
Joko Jokowi Widodos goal to secure the domestic rice supply without imports.
The Central Statistics Agency (BPS) reported on Monday that total output estimates, harvest area and
farmers productivity in the rice sector all declined in 2014 from the previous year.
Latest BPS data show that total rice-production estimates declined 450,000 tons year-on-year to 70.8
million tons in 2014, a sharp turnaround from a 2.2 million ton increase posted the previous year.
The declining rice production last year was due mostly to seasonal factors such as bad weather, BPS
deputy head for statistics Sasmito Hadi Wibowo told a press briefing.
Whether the new government could achieve its future goal to secure food supply without imports, Sasmito
said, would depend on whether it could realize the farming infrastructure projects planned for this year.
The Jokowi administration has vowed to improve farming infrastructure as the President seeks to
strengthen domestic food supply to make the nation less reliant on imports. His plan includes an
ambitious project to build 49 new dams over five years to improve irrigation for local farmers.
Total output of rice, the main staple food for Indonesias citizens, is targeted by Jokowi to rise to 82 million
tons by the end of 2019, up more than 15 percent or by 11.2 million tons from the current level.
In the corresponding period, corn production is expected to hit 23.4 million tons from the current rate of 19
million tons, while soybean production is hoped to reach 1 million from 953,000 tons.
Coordinating Economic Minister Sofyan Djalil said Monday that he was still optimistic about the food
sovereignty goal, citing the governments planned support to local farmers in order to boost their
productivity.
We plan the involvement of the TNI [the Indonesian Military] and its Babinsa unit [non-commissioned
officers assigned to villages] to safeguard the distribution of seeds and fertilizers and to help local
farmers, he said at his Jakarta office.
There will be a systematic effort to boost rice production.
In its efforts to bolster the domestic food supply, the new government is hampered not only by declining
rice output, but also by the prevalence of traders illicitly manipulating rice prices in the market.
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This year, rice prices in certain areas of Indonesia have already surged more than 30 percent, with Trade
Minister Rachmat Gobel blaming the issue on a rice mafia looking to push the government to open
stalled imports.
On Monday, the BPS revealed a finding that justified suspicions that unscrupulous traders were hoarding
rice stockpiles to benefit from higher prices.
Despite the increase in rice prices in the market, the price of unhusked rice(gabah) produced by local
farmers fell to Rp 4,922 (0.37 US cents) per kilogram in February from Rp 5,357 per kg a month earlier,
the statistics agency reported.
Some traders are reaping huge profits here, as they manage to buy rice at low prices from farmers and
sell it at high prices, said the BPS Sasmito.
He argued that the governments decision not to import rice was the correct move, as an influx of imports
would only serve to push down the value of unhusked rice sold by local farmers, eventually affecting their
welfare and purchasing power.
- See more at: http://www.thejakartapost.com/news/2015/03/03/fall-rice-output-tests-jokowi-s-foodvision.html#sthash.Nhg5hOBA.dpuf
Deflation in February despite

rise in price of rice
Satria Sambijantoro, The Jakarta Post, Jakarta | Business | Tue, March 03 2015, 6:15 AM
Business News
Total to team up with Pertamina in Mahakam block

Bank Indonesia to set ATM merger policy
Rupiah opens at Rp 12,972 per dollar on Friday
Consumer prices fell for the second consecutive month in February despite steep increases in the price of
rice, which, it had been previously feared, would cause inflationary pressure.
Month-on-month the consumer price index (CPI) declined by 0.36 percent in February, as prices
remained manageable thanks to sufficient food supply and distribution, the Central Statistics Agency
(BPS) reported on Monday.
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That took year-on-year inflation in February to 6.29 percent, lower than the 6.96 percent a month earlier.
Core inflation a measure of long-term price levels that excludes volatile food and governmentcontrolled commodities was stable at 4.96 percent in February.
BPS deputy head of statistics Sasmito Hadi Wibowo noted that historically Indonesia rarely recorded
month-on-month deflation in January and February, with the most recent such deflation recorded in 1985,
as price levels normally rose at the beginning of the year.
Factors contributing to the deflation included falls in the prices of chilies, chicken and meat, while the riceprice increase which has dominated news headlines in recent weeks only contributed 0.1 percent in
inflationary terms during the month, said Sasmito.
This is because the surge in the price of rice only occurred in certain areas such as Jakarta, while almost
all provinces in Sumatra recorded deflation in rice prices as they experienced an earlier-than-expected
harvest season, he explained.
The 0.36 percent monthly deflation in February was better than Bank Indonesias (BI) forecast, with the
central bank earlier predicting at least 0.2 percent deflation during the month.
The downward trajectory of inflation played a role in the latest monetary easing implemented by BI, with
the central bank surprising the market last month by lowering the benchmark BI rate by 25 basis points to
7.5 percent.
The latest deflation figures in February might encourage BI to move toward a more neutral interest-rate
setting, following years of consistently emphasizing a tight-bias monetary-policy stance, said ANZ
economists Daniel Wilson and Glenn Maguire.
BI does not want to be perceived as being too aggressive, but their policy rates are shifting to their
economic reality, they wrote in a research note distributed on Monday.
BIs top executives will hold their monthly board of governors meeting on March 17 to decide any
adjustment to interest rates.
Consumer prices are expected to remain manageable throughout this year with BIs inflation target being
set at between 3 and 5 percent.
The recent rise in the Premium gasoline price to Rp 6,800-Rp 6,900 per liter from Rp 6,600-Rp 6,700 last
month will also have little effect on inflation, analysts say.
Institute for the Development of Economics and Finance (Indef) Ahmad Erani Yustika said that every Rp
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1,000 increase in the gasoline price would lift inflation by 1 percentage point with a 0.2 percent fullyear increase in inflation as a result of the Rp 200 fuel-price hike.
Citibank economist Helmi Arman predicted that BI might soon undertake an asymmetric policy rate
move, lowering the BI rate while keeping the overnight facility (Fasbi) rate steady.
Any adjustment in the Fasbi rate a rate that commercial banks get when depositing their funds
overnight in BI, and currently standing at 5.5 percent would have a significant impact on rupiah and
bond yields as it acts as a benchmark for interbank rates (JIBOR) and thus overall liquidity in the financial
system.
The deflation is not broad based, Helmi argued. The drivers were primarily chili prices and
transportation, which had been pretty much anticipated.
____________
Nadya Natahadibrata contributed to this story
- See more at: http://www.thejakartapost.com/news/2015/03/03/deflation-february-despite-rise-pricerice.html#sthash.s8Khd87T.dpuf
Government urged to stabilize rice prices

Selasa, 3 Maret 2015 13:34 WIB | 910 Views
Jakarta (ANTARA News) - Confederation of Indonesia Prosperity Trade Union

(KSBSI) Chairman Mudhofir has urged the government to stabilize the fluctuating
rice prices in the country.
"The government should stabilize the rice prices as soon as possible to ease the
burden of the poor community in various regions across the country," Mudhofir
stated here on Tuesday.
He also criticized the State Logistics Agency (Bulog) for having failed to optimally
play its role of maintaining price stability in the present times.
The KSBSI chairman noted that regardless of the situation, Bulog should be
prepared for any eventuality in an effort to keep the rice prices stable.
Besides this, Bulog should have cooperated well with the relevant authorities in
cracking down on speculators with vested interests and importers of rice.
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According to agriculture observer Khudori, the fluctuating prices of rice were

caused by speculators.
According to him, speculators fear that the government might release its rice
stocks and bring down the rice prices in the market.
Speculators who have so far withheld their stocks will only be able to make a
small profit if they do not release their rice stocks immediately because Bulog will
then distribute its stocks.
"At the Cipinang wholesale rice market in Jakarta, the price of rice dropped by
Rp500 per kilogram. This means that the speculators have released their stocks,"
he explained.
President Jokowi earlier inspected Bulogs rice warehouses at Kelapang Gading
in North Jakarta where he launched the rice for the poor (Raskin) program and
some market operations.
The country has 1.4 million tons of rice stocks, which will be adequate until
March-April when the harvest season starts, the president revealed on the
occasion.
"You should not think that we are short of rice stocks. We will always have
sufficient stocks, and we will release it no matter how much will be the
requirement," he remarked. (*)
http://www.antaranews.com/en/news/97954/government-urged-to-stabilize-rice-prices
President invites rice traders to discuss price hike

Selasa, 3 Maret 2015 21:27 WIB | 1.303 Views
Jakarta (ANTARA News) - President Joko Widodo (Jokowi) invited several rice
traders to discuss the recent rice price hike at the Presidential Palace here on
Tuesday.
"This afternoon I invited rice rice traders in Jakarta particularly the Cipinang
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wholesale market. We want the issue of rice price hike to be resolved soon,"
Jokowi said in the Presidential Palace compounds.
The President said he had received information that the rice prices would return
to normal in one or two weeks time.
"The prices will fall around Rp2,000 a kg. It is our common commitment to return
the prices to normal level as we have entered grand harvest time," he said.
Chief of the Indonesian Rice Huller Owners and Traders Association (Perpadi)
Nelly Soekidi attributed the rice price hike to supply and demand.
"Normally 3,500 tons enter Cipinang everyday but only 1,000 tons entered the
market yesterday so the prices rose," he said.
Nelly said rice prices would decline after the President instructed the relevant
agency to meet demand at the Cipinang market no matter what the prices were.
"Today 8,900 tons of rice from Demak and Pati entered the market but the rice is
medium class," he said.
If the rice prices at the Cipinang market fell, the rice price in the rest of Indonesia
would decline accordingly, she said.(*)
http://www.antaranews.com/en/news/97960/president-invites-rice-traders-to-discuss-price-hike
Vietnam cuts rice export floor price by

nearly 3 pct
Tue Mar 3, 2015 1:37am GMT
Print | Single Page

[-] Text [+]
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HANOI, March 3 (Reuters) - Vietnam has reduced the floor price for exports of 25-percent
broken rice by nearly 3 percent to $350 a tonne, with domestic prices easing as harvesting
peaks amid thin demand, an industry body said.
The floor, set by the Ho Chi Minh City-based Vietnam Food Association, came into effect on
Monday, according to a statement from the body seen by Reuters.
Exporters in the world's third-largest shipper of the grain will continue to set prices for other
export grades themselves.
The floor was $360 a tonne as of Jan. 12, but the market price has fallen far below that on
growing supplies and low demand, touching a 4-1/2-year low of $320-$325 a tonne on Feb.
4.
Traders said export prices had not been boosted as recent deals, including 240,000 tonnes
sold to Malaysia and 300,000 tonnes to the Philippines, were small compared to supply of
some 5 million tonnes from the harvest peaking this month.
Vietnamese rice export firms on Monday began buying winter-spring paddy under an annual
government-backed plan to stockpile 2 million tonnes of the grain to arrest price falls during
the March harvest peak.
Rice exports from Vietnam, the world's No.3 exporter after Thailand and India, in the first
two months of 2015 fell 34 percent from a year ago to an estimated 515,000 tonnes, the
government has said. (Reporting by Ho Binh Minh; Editing by Joseph Radford)
http://af.reuters.com/article/commoditiesNews/idAFL4N0W50II20150303
Australia sees 50% chance of El Nino developing

this year
REUTERS
COMMENT PRINT T+
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SYDNEY, MARCH 3:
Australia's weather bureau said on Tuesday the chance of an El Nino developing this year had risen
to about 50 per cent after signs of renewed warming in tropical Pacific Ocean.
The Bureau of Meteorology said six out of eight international models it surveyed indicated that sea
surface temperatures in the central Pacific Ocean would exceed El Nino thresholds by mid-year.
El Nino can prompt drought in Southeast Asia and Australia and heavy rains in South America,
hitting production of food such as rice, wheat and sugar.
(This article was published on March 3, 2015)
http://www.thehindubusinessline.com/industry-and-economy/agri-biz/australia-sees-50-chance-of-elnino-developing-this-year/article6954577.ece
Thailands rice basket shrivels amid drought of long-term policy

0
BY LARRY BANKS ON 2015-03-03THAILAND
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STREETWISE
Thailands rice basket shrivels amid drought of long-term policy
Achara Deboonme
BANGKOK: Thailands rice basket shrivels amid drought of long-term policy The tyranny of the hot
season has returned, as the temperature climbs towards a sizzling 40 degrees.
Office workers are complaining about the steamy commute to air-conditioned workplaces. They should spare a
thought for those who have to work under the blazing sun, including farmers, who are watching their crops whither
for lack of water though they wont fetch much anyway at current prices.
Official statistics show that the countrys major reservoirs have dropped to 57-60 per cent capacity near the levels
of 2005 when one of Thailands worst-ever droughts affected 71 provinces and caused nearly Bt8 billion in damage.
This year, the Agriculture and Agricultural Cooperatives Ministry estimates the drought will affect 16.17 million rai
of farmland in 58 provinces, including 12.61 million rai in the Northeast, the region least covered by the national
irrigation system.
Over half of our working-age population is in the agricultural sector, yet for decades the irrigation system has
expanded at a snails pace.
The latest figures show that in 2012, only 29.57 million rai, or 9.22 per cent of Thailands landmass, was irrigated.
That represents only a slight increase on the 28.35 million rai in 2009.
That year, as the Royal Irrigation Department celebrated its 107th anniversary, its chief unveiled a plan to expand
the irrigated area by 6 million rai by 2020. He explained that Thailands reservoirs had a combined capacity of
52,741 million cubic metres only 70 per cent of the annual demand of 73,788 million m3. Without new
investment, the shortfall could hit 34,183 million m3 in 2019.
The root of this longstanding problem lies in the fact that policymakers treat irrigation as a political tool, channelling
budgets to temporary projects that only address short-term hurdles. No government has ever embarked on a grandscale project to tackle long-term problems. Irrigation plans were included in the Yingluck governments Bt350
billion water-management plan, but it was the 2011 flood that sparked its creation, not drought.
The junta scrapped that plan and drew up a new strategy, expected to cost about Bt900 billion over 10 years.
However, last month the Cabinet refused to green-light the comprehensive strategy, approving only some of its
projects for this fiscal year and keeping the budget to Bt50 billion. Prime Minister Prayut Chan-o-cha admitted that
the limited budget available meant only urgent projects could be carried out this year, though the 10-year strategy
remained in place.
The Cabinet resolution received wide media coverage, but not so the attacks from the Engineering Institute of
Thailand (EIT), which is adamant that the strategy and the investment for this year do not meet the national interest.
The EITs academic network criticised the strategy for ignoring public views and failing to address the root
problems. Warning that the plan carried more negative consequences than the Yingluck governments version, it
vowed not to rubber stamp the project.
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Pramote Maiklad, former chief of the Royal Irrigation Department, remarked that The NCPOs version is not a real
strategic plan, but rather the annual budget allocation plan.
With the global economy still fragile thanks to the slowdown in China and difficulties in the euro zone and Japan,
Thailands exports are expected to remain sluggish. TMB Analytics anticipates a 1 per cent growth rate this year,
following two years of contraction. In this scenario, economists agree that domestic demand should play a bigger
role in driving the economy. Yet, they are also concerned about lower crop prices, which will reduce farmers
income. Couple that with Thailands high household debt of 85 per cent of GDP, and there are doubts about how
much farmers and consumers in general can spend.
As part of its economic stimulation programme, the government plans cash handouts for farmers.
While that move is welcomed by Federation of Thai Industries chairman Supant Mongkolsuthree, he said last week
that what are truly needed are mid- to long-term solutions to help farmers lift productivity and lower production
costs.
I guess that he might not like the Commerce Ministrys Blue Flag project either. The project, which sells products at
ad-hoc markets at about 30 per cent below their market price, reaches relatively few people but costs over Bt100
million annually. It will require a budget of Bt241 million this fiscal year.
If farmers income were to climb in a sustainable way, they would be able to spend more and perhaps also save
more. But as things stand, their finances are at the mercy of capricious Mother Nature. And no matter who is in
power, their problems remain neglected.
Thailand can no longer afford to handle problems as they arise. We need to start thinking out of the box and forge
long-term strategies.
Thai nationalists have enjoyed success in guarding our tiny petroleum reserves. They should also push for a reform
agenda to deal with drought. If the problems arent addressed in a sustainable and comprehensive way, millions of
our farmers will likely need government support when they get old and cant work in the fields. Then, the moaning
from taxpayers will only get louder.
Source: http://www.nationmultimedia.com/opinion/Thailands-rice-basket-shrivels-amid-drought-of-lon30255170.html
Myanmar Times: No rice firms join latest race for China exports Zaw Htike
Mon 2 Mar 2015
Filed under: Business / Trade,News,Regional
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The Myanmar Rice Federations second deadline of February 27 has passed for companies aiming for
permission to export rice to China but unlike in the first round, no bids were submitted, according to
federation joint secretary U Soe Tun.
Rice bags are loaded onto a truck at a Yangon jetty. (Kaung Htet/The Myanmar Times)Rice bags are
loaded onto a truck at a Yangon jetty. (Kaung Htet/The Myanmar Times)
The second round was launched after the federations previous list of nine chosen companies were
criticised as inexperienced, with China asking for more choices.
China has quickly grown from being a marginal market for rice exports half a decade ago to today being
Myanmars most important rice buyer. However, the trade has been illegal from Beijings point of view,
and negotiations are ongoing to legalise it.
The decision to pre-select a handful of Myanmar rice traders will allow Chinese authorities to more
easily make sure the export rice meets their health standards. After legalising the trade, rice will be
exported by the selected firms using ships to Chinas eastern seaboard along with the current method of
shipping overland through Muse in northern Shan State.
The Myanmar Rice Federation has come under criticism for the nine firms it had selected to take part in
the trade, drawing complaints in social media and from rival traders that several of the companies were
unknowns with little track record in the industry, while a number of capable firms had been skipped.
One leading rice trader told The Myanmar Times on condition of anonymity that after seeing the initial
list, the Chinese side demanded inclusion from more companies with the capability to export large
volumes of high-quality rice from Myanmar.
Some of the chosen companies have not even received business registrations, he said.
Over 100 local companies applied for the first round of rice export licenses in January, but China had
initially requested less than 10 firms receive licenses.
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U Soe Tun did not offer an explanation as to why the second round of applications did not receive the
amount of interest as the first, though has said that selection critera was the same.
The first nine companies selected were MAPCO, Myanmar Rice Mill, FPR from the Myanmar Rice Traders
Association, Golden Land East Asia, MRDC from Mandalay, a company from Yangons Bayintnaung
commodities market still to be formed, Ayer-Pathein company from Ayeyarwady Region, SPRDC formed
by Muse traders and Rakhine Ethnic Rice Company.
Myanmar Rice Federation officials previously said they hope the official trade to China to start at the
end of April or early May. The chosen companies must register, while having their rice tested and
performance measured before the trade can officially begin.
In 2013, Myanmar exported about 1.27 million tonnes of rice, of which about 747,000 tonnes went to
China. In 2010 the country exported about 489,000 tonnes, of which 4000 tonnes went to China.
State media reported that Chinas largest state-run grain-trading company COFCO signed a
memorandum of understanding in February on purchasing Myanmars rice exports, depending on
approval from Chinas general administration of quality supervision, inspection and quarantine. There
will also be a business matching event in March for Chinese and Myanmar firms, the Global New Light of
Myanmar report added.
http://www.mmtimes.com/index.php/business/13299-no-rice-firms-join-latest-race-for-chinaexports.html
http://www.burmanet.org/news/2015/03/02/myanmar-times-no-rice-firms-join-latest-race-for-chinaexports-zaw-htike/
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Govt to buy Boro rice from May 1

Senior Correspondent, bdnews24.com
Published: 2015-03-03 20:42:15.0 BdST Updated: 2015-03-03 20:44:31.0 BdST
File Photo
Amira Nature Foods Ltd Announces

Retail Win in the United States
Tue Mar 3, 2015 9:17am EST
Amira Nature Foods Ltd Announces Retail Win in the United States
Amira Branded Products will be available in Publix Supermarket Locations as early as
June 2015
Amira Nature Foods Ltd (NYSE: ANFI), a leading global provider of branded packaged
Indian specialty rice, today announced the launch of Amira branded products in Publix
Supermarket stores in the United States as early as June 2015.
www.ricepluss.com
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Publix, the sixth largest supermarket chain in the United States with 1,097 stores spanning
six states, has reached an agreement to carry Amiras Natural Basmati Rice, Thai Jasmine
Rice and Smoked Basmati Rice. This expansion into Publix Supermarket stores further
strengthens Amiras presence in the United States.
We are excited to introduce our premium Amira branded products to Publix Supermarkets
customers, said Karan A Chanana, Chairman of Amira Nature Foods Ltd. We sought to
align with Publix for their proven success in customer service, high quality product
distribution and retail sales. Publix is rapidly expanding in the southeast region of the U.S.
and is an ideal retailer for Amira branded products during our growth period.
Safe Harbor for Forward-Looking Statements
This press release contains statements of a forward-looking nature. These statements are
made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act
of 1995. You can identify these forward-looking statements by words or phrases such as
may, will, except, anticipate, aim, estimate, intend, plan, believe, is/are
likely to, future or other similar expressions. We have based these forward-looking
statements largely on our current expectations and projections about future events and
financial trends that we believe may affect our financial condition, results of operations,
business strategy and financial needs. These forward-looking statements include, but are
not limited to: our goals and strategies; our expansion plans; and our future business
development. We would like to caution you not to place undue reliance on forward-looking
statements and you should read these statements in conjunction with the risk factors
www.ricepluss.com
Page
41

Cell : +92 321 3692774

disclosed in Risk Factors appearing in our Annual Report on Form 20-F as well as our
other public filings with the Securities and Exchange Commission. Those risks are not
exhaustive and reflect our expectations as of the date of this press release. We operate in a
rapidly evolving environment. New risk factors emerge from time to time, and it is
impossible for our management to predict all risk factors, nor can we assess the impact of all
factors on our business or the extent to which any factor, or combination of factors, may
cause actual results to differ from those contained in any forward-looking statement. We do
not undertake any obligation to update or revise the forward-looking statements except as
required under applicable law.
For Investor Inquiries:

or
For Press Inquiries:
Curzon PR
Angela Petersen, 631-830-3305
angela@curzonpr.com
Plum meets plum with Zonnebloem Pinotage and

Asian-style duck
03 March 2015 - by - Zonnebloem
Zonnebloem's plush, plummy Pinotage is the obvious choice of food artist Jules Mercer when it comes to her Asianstyle roast duck.
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Its rich fruit with dark chocolate and lovely spicy and savoury notes, brings out the best in this delicious duck. Made
with plums, soy, five-spice and honey, and sparks of ginger and chilli, it will have you gnawing on the bones to extract
the last bit of flavour.
Buy Zonnebloem Pinotage from your favourite supermarket or wine shop. It retails for aroundR63.
Whole Roasted Duck with Plum Sauce
Served with Zonnebloem Pinotage
Serves: 4-6
1 duck, weighing approximately 2kg
2 Tbsp (30ml each) honey and soy sauce, mixed
pinch of Chinese 5 spice powder
1 small onion, finely chopped
1 red chilli, finely chopped
1 large knob (4-5cm) ginger, peeled and grated good glug of olive oil
400g fresh plums, halved stoned and cut into chunks
4 Tbsp (60g) cup brown sugar
2 Tbsp (30ml) soy sauce
cup (125ml) stock
cup (125ml) red wine
Steamed basmati rice, to serve
Method
Preheat the oven to 220C
Lay the duck on a roasting tin, and sprinkle with salt and black pepper. Place in the preheated oven and roast for
about 20 minutes or until the skin is starting to crisp up. Mix together the Chinese 5 spice with the honey and soy
mixture. Turn the temperature down to 180C and continue to cook, basting the bird every half hour or so with the
honey mixture. Check frequently to see if the skin is burning, if it turns brown quickly then cover with foil. Roast for 75
minutes. Remove the duck from the oven after 60 minutes if you prefer it pink.
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For the plum sauce: Fry the onion in the olive oil until softened. Add the chilli and ginger, cook for a minute or two.
Add the plums, sugar and stir until the sugar has melted. Add the red wine and stock and cook for about 30-35
minutes on a medium to low heat (if you are using really ripe plums the cooking time might be a little less, check the
sauce after 20 minutes). The sauce is ready when it turns thick and glossy.
Allow the duck to rest on a serving board for 5-10 minutes. Carve and serve with the plum sauce, rice and greens.
Follow Zonnebloem on Facebook (www.facebook.com/zonnebloem) and/or Twitter
(www.twitter.com/zonnebloemZA).
Visit the website: www.zonnebloem.co.za
White House Briefs Ag Groups on Trade
Betsy Ward and Tom Vilsack

WASHINGTON, DC -- USA Rice President
& CEO Betsy Ward attended a trade
briefing at the White House yesterday with
Agriculture Secretary Tom Vilsack and
Chief U.S. Agriculture Ambassador Darci
Vetter where they discussed the current
status of the Trans-Pacific Partnership (TPP)
and Trans-Atlantic Trade and Investment
Partnership (T-TIP) negotiations. Ward and
other agricultural commodity groups in
attendance were encouraged to press Congress to grant the President Trade Promotion
Authority (TPA). Echoing comments he made to USA Rice members last week during
a speech at the USA Rice Government Affairs Conference, Vilsack spoke of the
importance of trade agreements for agricultural market access. Saying that this is the
"signature moment for your involvement," he praised the groups for their efforts thus
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far, but noted that free-trade opponents have done a better job of motivating their
membership to make individual contacts in opposition to TPA. Vetter said that if the
Obama Administration is to finish TPP this year, then TPA must pass this spring.
With the administration making an all-out push, Ward noted, "the rice industry has
long been a supporter of TPA and trade agreements that have been beneficial to U.S.grown rice like the Colombia FTA and NAFTA, and we are urging the administration
to negotiate similar benefits in the TPP and T-TIP."
USA Rice signed a broad agriculture letter in support of TPA on February 5.
Ward also urged the Administration to keep ag groups informed when they are
promoting TPA around the country so everyone can facilitate grower attendance and
participation. Attendees at the briefing agreed that having an actual bill to support
will help motivate grassroots constituents to contact Members of Congress.
If TPA is passed, Congress will assess individual trade agreements, like TPP, against
TPA provisions and vote up or down on implementing legislation. TPA provides
assurance to foreign countries that agreements reached with U.S. negotiators cannot
be amended by Congress and, more importantly, provides clear negotiating direction
to the President against which the deals his negotiators bring home will be measured.
Contact: Bob Cummings (703) 236-1473
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Amira Nature Foods Ltd Announces

Retail Win in the United States
Tue Mar 3, 2015 9:17am EST
Amira Nature Foods Ltd Announces Retail Win in the United States
Amira Branded Products will be available in Publix Supermarket Locations as early as
June 2015
Amira Nature Foods Ltd (NYSE: ANFI), a leading global provider of branded packaged
Indian specialty rice, today announced the launch of Amira branded products in Publix
Supermarket stores in the United States as early as June 2015.
Publix, the sixth largest supermarket chain in the United States with 1,097 stores spanning
six states, has reached an agreement to carry Amiras Natural Basmati Rice, Thai Jasmine
Rice and Smoked Basmati Rice. This expansion into Publix Supermarket stores further
strengthens Amiras presence in the United States.
We are excited to introduce our premium Amira branded products to Publix Supermarkets
customers, said Karan A Chanana, Chairman of Amira Nature Foods Ltd. We sought to
align with Publix for their proven success in customer service, high quality product
distribution and retail sales. Publix is rapidly expanding in the southeast region of the U.S.
and is an ideal retailer for Amira branded products during our growth period.
www.ricepluss.com
Page
46

Cell : +92 321 3692774

Safe Harbor for Forward-Looking Statements
This press release contains statements of a forward-looking nature. These statements are
made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act
of 1995. You can identify these forward-looking statements by words or phrases such as
may, will, except, anticipate, aim, estimate, intend, plan, believe, is/are
likely to, future or other similar expressions. We have based these forward-looking
statements largely on our current expectations and projections about future events and
financial trends that we believe may affect our financial condition, results of operations,
business strategy and financial needs. These forward-looking statements include, but are
not limited to: our goals and strategies; our expansion plans; and our future business
development. We would like to caution you not to place undue reliance on forward-looking
statements and you should read these statements in conjunction with the risk factors
disclosed in Risk Factors appearing in our Annual Report on Form 20-F as well as our
other public filings with the Securities and Exchange Commission. Those risks are not
exhaustive and reflect our expectations as of the date of this press release. We operate in a
rapidly evolving environment. New risk factors emerge from time to time, and it is
impossible for our management to predict all risk factors, nor can we assess the impact of all
factors on our business or the extent to which any factor, or combination of factors, may
cause actual results to differ from those contained in any forward-looking statement. We do
not undertake any obligation to update or revise the forward-looking statements except as
required under applicable law.
For Investor Inquiries:

or
For Press Inquiries:
Curzon PR
Angela Petersen, 631-830-3305
angela@curzonpr.com
www.ricepluss.com
Page
47

Cell : +92 321 3692774
Political leaders in India push beef ban in

the western state of Maharashtra
By Laura Mushrush, Assistant Editor, Drovers CattleNetwork March 03, 2015 | 5:37 pm EST
COMMENTS
PRINT
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Almost 19 years in the making, Maharashtras Assembly, the largest populated

state in India, passed the Maharashtra Animal Preservation Bill, restricting
cattle slaughter in the western region of the country. The Bill, which was first
introduced in 1995, and recently became law after President Pranab
Mukherjee gave his approval.
While the slaughter of cows had been banned during the Maharashtra Animal
Preservation Act of 1976, the new law prohibits killing of bulls and bullocks,
along with making the possession of beef illegal with ramifications ranging
from up to five years in prison and fines of Rs 10,000 ($161.75).
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The move is being applauded by several of Indias leaders, in a fight against

the pink revolution a campaign against rising meat exports from the
country.
Thanks a lot Hon President Sir for the assent on Maharashtra Animal
Preservation Bill. Our dream of ban on cow slaughter becomes a reality now,
Chief Minister Devendra Fadnavis tweeted on March 2.
In a country predominantly dominated by Hinduism (80% of the countrys 1.2
billion population, according to BBC New India), cows are viewed as sacred,
with bans already implemented in other states. While buffalo meat remains
the main nations top export product, beef from unproductive cattle accounts
for part of the market share.
Because of religious sentiments and bans in various states, most of India's
beef is exported - with a 20% share of the global market and exports worth
more than $4bn a year, it is now the country's top agricultural export, beating
the more famous basmati rice. Buffalo meat, however, accounts for 80% of the
exports, says BBCs Sameer Hashmi.
Concerns have been raised predominantly by milk farmers who can no longer
take their unproductive cows to market, most likely left only to continuing
care for them until they die of natural causes leaving many worried about
footing the feed bill. Others have expressed worry of what will happen to
citizens in poverty, who supplement their diets with beef, since it is generally
the cheapest animal protein available.
"A blanket ban will cause the biggest problems for farmers. A farmer has to
spend at least Rs 5,000 a month to take care of such animals. It is now the
responsibility of the government to come out with a mechanism to take in all
unfit animals and take care of them as long as they live," Nationalist Congress
Party spokesman Nawab Malik says in a Times of India article.
"Poor farmers had an alternative before but now that is gone. Exports too will
be hit as buffalo meat was exported and bull meat was sold in Maharashtra.
This will cause an economic loss to the state.
3/04/2015
INDIA
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Maharashtra bans beef: 5 years in prison for those who eat it
The law on the slaughter, consumption and sale of cows, bulls and steers approved after 19 years. 80% of the country's
population is Hindu, a religion that worships the cow. Major consequences for the Muslim community, responsible for beef
trade. Christian Association: "Religion is something personal, and the government should not mix it with their norms".
Mumbai (AsiaNews) - Five years in prison and a fine of at least 10 thousand

rupees (145 ) is what people who sell, own or eat beef in Maharashtra will face.
Yesterday the President of India approved a law banning the slaughter, sale,
export and consumption of cows, bulls and steers in the western state of India. As
of today only the consumption of buffalo meat is only allowed, whether at home or in a five star hotel.
It took 19 years for the Maharashtra Animal Preservation (Amendmrnt) Bill to become law. Introduced for
the first time in 1995 by the coalition government Bharatiya Janata Party (BJP, Hindu nationalists) - Shiv
Sena (Marathi regional party), in 1996 it made its way to the president's table, but without ever being
approved. After its victory in the general elections last year, the BJP again pushed for the decree becomes
law.
Out of a total population of 1.2 billion people, 80% are Hindu. In Hinduism the cow is considered sacred and
this is why many Indian states have restrictions on the consumption and sale of beef, even though the law
introduced in Maharashtra is considered the strictest in the country. In fact, most of the beef sold in India
comes from water buffalo, which are not considered sacred. However, this meat is considered of inferior
quality and in Maharashtra accounts for only 25% of the market.
Precisely because of religious issues and restrictions already in several states, most of the beef is exported:
with a 20% share of the global market and exports for more than 4 billion dollars a year, it now represents
the country's biggest export product, even beating the famous basmati rice.
The law will affect about 10.5 million people who depend on the beef trade, a market controlled mostly by
the Querishi Muslim community. Dalits ("untouchables") are involved in the trade of leather and transport of
cattle.
In Mumbai alone - the capital of Maharashtra and "financial" capital of India - there are 900 beef stalls, and
as many unlicensed. Mohammed Ali Querishi, president of Mumbai Beef Dealers Association, says: "Each
one employs at least four people, plus thousands associated with transportation. All these people will be
affected by the ban."
Even members of the Christian community have protested against the law. Gordon D'Souza, president of the
Bombay Catholic Sabha, said that the beef is an important part of the non-vegetarian diet. "Religion - he
explains - is something personal, and the government should not mix it with their laws".
Market Watch
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Commodity-wise, Market-wise Daily Price on 04-03-2015
Domestic Prices
Unit Price : Rs/Qtl
Product
Market Center
Variety
Min
Price
Max Price
Jowar(Sorgham)
1
Botad (Gujarat)
Other
3265
3265
Kota (Rajasthan)
Other
1457
1457
Thiruppur (Tamil Nadu)
Other
2400
2600
Bayad (Gujarat)
Other
1200
1325
Bellary (Karnataka)
Local
1157
1274
Godda(Jharkhand)
Other
1350
1450
Harippad (Kerala)
Other
2500
2500
Sirhind(Punjab)
Other
2000
2500
Nagpur(Maharashtra)
Other
1000
2000
Chala (Kerala)
Other
4200
4250
Bonai (Orissa)
Other
1000
1500
Ateli(Haryana)
Other
650
750
Maize
Pine Apple
Carrot
Source: agmarknet
for more products
Egg
Rs per 100 No.

Price on 04-03-2015
Product
1
Market Center
Pune
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Price
290
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2
Mysore
280
Nagapur
265
Source: e2necc.com
International Benchmark Price

Price on: 04-03-2015
Product
Benchmark Indicators Name
Price
Garlic
1
Chinese first grade granules, CFR NW Europe (USD/t)
1800
Chinese Grade A dehydrated flakes, CFR NW Europe

(USD/t)
2000
Chinese powdered, CFR NW Europe (USD/t)
1300
Chinese sliced, CIF NW Europe (USD/t)
4600
Chinese whole, CIF NW Europe (USD/t)
Indian Cochin, CIF NW Europe (USD/t)
3000
Indian 100 mesh 3500 cps, FOB Kandla (USD/t)
2350
Indian 200 mesh 3500 cps basis, FOB Kandla (USD/t)
1800
Indian 200 mesh 5000 cps, FOB Kandla (USD/t)
2875
Ginger
5100
Guar Gum Powder
Source:agra-net
for more products
Other International Prices
Unit Price : US$ / package

Price on 04-03-2015
Product
Market
Center
Origin
Variety
Low
High
Package: 50 lb cartons
Potatoes
1
Atlanta
Russet
Colorado
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21
21.50

Cell : +92 321 3692774

2
3
Baltimore
Wisconsin
Chicago
Idaho
Russet
Russet
19
20
18.50
20
Package: 50 lb cartons
Cabbage
1
2
3
Atlanta
Georgia
Detroit
Florida
Miami
Florida
32.50
32.50
Round Green Type
14
14.50
Round Green Type
11
12
Round Green Type
Package: cartons tray pack
Apples
1
Atlanta
Virginia
Red Delicious
20
20
Government will procure Boro rice at Tk 32 per kg this year.
RELATED STORIES
Govt to procure Aman rice at Tk 32 per kg

2014-10-27 16:09:05.0
That is Tk 1 more per kg over last year's procurement rate.
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The rate of paddy has been also raised by Tk 2 per kg from last year. It has been fixed at Tk 22 per
kg.
Food Minister Quamrul Islam told reporters on Tuesday that the Boro harvests will be procured from
May 1 to Aug 31.
The government will buy 1 million tonnes of rice and 100,000 tonnes of paddy this year, he said.
The farming cost of 1 kg paddy this year was Tk 20 and for rice its Tk 27.50.
Procurement of wheat will start from Apr 1 and end on Jun 30 at Tk 28 per kg, said the minister.
The government has set the rate a bit early so that the farmers cannot be manipulated and get a fair
price for their harvests, Islam said after a meeting of the inter-ministerial committee on procurement.
Finance Minister AMA Muhith, Agriculture Minister Matia Chowdhury, Relief Minister Mofazzal
Hossain Chowdhury Maya attended the meeting among others.
The food minister claimed that currently the government had around 1.1 million tonnes of cereals in
stock, which is more than 350,000 tonnes over last year's stocks.
http://bdnews24.com/economy/2015/03/03/govt-to-buy-boro-rice-from-may-1
Indian rice exports to plunge as Thailand

offloads stocks
in Freight News 03/03/2015
Indias rice exports will struggle to compete with cheaper cargoes from No.1 seller Thailand in 2015 as
Bangkok looks to offload grain from its huge state stockpiles, industry officials and traders said.
B.V. Krishna Rao, managing director of leading Indian rice shipper Pattabhi Agro Foods Pvt Ltd, said the
countrys exports could plunge by a fifth this year to 8 million tonnes, with some other industry officials in the
country making similar warnings.
Lower exports will leave more rice in Indian hands, piling pressure on already-bulging storage and raising the
spectre of grain getting damaged in temporary silos.
But competition among the worlds top two exporters will drag further on prices that have fallen 5 percent
since the start of October. Thats good news for African nations like Nigeria and Senegal that are typically
major buyers of Asian rice.
The Thai governments efforts to sell rice from its own warehouses has been putting pressure on global prices
and limiting Indian exports, said Rao.
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Thailand will open a tender to sell around 1 million tonnes of rice in March, as it tries to shift over 17 million
tonnes of rice built up under a controversial subsidy scheme. It aims to sell 10 million tonnes in 2015 and 7
million next year.
Indian exporters can compete with private Thai traders, but not with the government as it can cut prices to
generate demand for old stock, said M. Adishankar, executive director at Sri Lalitha, a major rice exporter in
southern India.
In the latest tender, Thailand sold 5-percent broken rice from old stocks for $236 to $378 per tonne, although
the market price for new crops was around $415. India has recently offered the same grade at around $400.
The governments rice is old and has been stored for a long time so its value depreciates accordingly there
is always a price gap between new rice and old rice, said an official at the Thai Rice Exporters Association,
who declined to be identified.
India, which lost the top rice exporter spot in 2014, could see its shipments of non-basmati or common grade
rice fall by nearly a quarter to 5 million tonnes in 2015, while exports of aromatic basmati could drop over 14
percent to 3 million tonnes, Rao said.
Basmati sales have also been hit after top buyer Iran suspended imports late last year to support local farmers,
although one exporter expected shipments to restart in April.
Rice inventories at Indias state-run agencies had jumped to around 25 million tonnes by Feb. 1, nearly double
the targeted level, government data shows.
Source: Reuters (Editing by Joseph Radford)
http://www.hellenicshippingnews.com/indian-rice-exports-to-plunge-as-thailand-offloads-stocks/
Big G2G rice sale to Philippines
3 Mar 2015 at 14:05 2,982 viewed0 comments

WRITER: ONLINE REPORTERS
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Thailand will export 200,000 tonnes of rice to the Philippines within April in a G2G deal. (Photo
by Patipat Janthong)
-+
Thai rice exports, G2G, the Philippines

Thailand has sold 200,000 tonnes of rice to the Philippines in a government-to-government
bidding contest, but Vietnam came out on top in the same auction and will deliver 300,000
tonnes of grain.
Commerce Minister Chatchai Sarikulya said on Tuesday the Philippines called the auction to buy
500,000 tonnes of new rice: 250,000 tonnes each of 15% broken and 25% broken white rice.
The Department of Foreign Trade offered to sell 100,000 tonnes in each category, and the
Manila government agreed to the deal.
In the same contest, Vietnam - through Vietnam Southern Food Corp - won a deal to make up
the remaining 300,000 tonnes.
Gen Chatchai said the deal was useful because the Philippine government set delivery for March
and April, so Thailand could export a lot of rice in a short period.
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Thailand won its first G2G rice export deal with the Philippines last year, after deacdes of trying.
The deal sealed late last month is only the second.
The commerce minister also said many countries expressed an interest in ordering Thai rice from
the government and the private sector, and that was a good sign for the release of both new and
old rice stocks.
Get full Bangkok Post printed newspaper experience on your digital devices with Bangkok Post
e-newspaper. Try it out, it's totally free for 7 days.
Tell
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3rd March, 2015 Daily Global Rice E - Newsletter by Riceplus Magazine

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3rd March, 2015 Daily Global Rice E - Newsletter by Riceplus Magazine

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Daily Global Rice E-Newsletter by Riceplus Magazine

Indonesian government to control inflation optimally

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Daily Global Rice E-Newsletter by Riceplus Magazine

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Daily Global Rice E-Newsletter by Riceplus Magazine

High-Temperature Tolerance Enhancement Successful On

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Rice exports to plunge as Thailand offloads grain from

("The Thai govt's efforts)

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Indian rice exports to plunge as Thailand offloads

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Thai farmer loads paddy onto a truck.

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Are you eating enough mood foods?

by Lucy Walton-Lange | 3 March 2015

Top 22 mood foods

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Daily Global Rice E-Newsletter by Riceplus Magazine

by Lucy Walton-Lange for www.femalefirst.co.uk

Read more: http://www.femalefirst.co.uk/foodanddrink/top-mood-foods-652047.html#ixzz3TYqLzjwZ

APEDA presents India's organic tradition at Engredea

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Herbs and Botanicals

Amira Nature Foods Ltd Provides

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Mon Mar 2, 2015 5:11pm EST

Amira Nature Foods Ltd

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Futures and Commodity Market News

Amira Nature Foods Ltd Announces Third Quarter 2015

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Amira Nature Foods Ltd

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Daily Global Rice E-Newsletter by Riceplus Magazine

December 31, 2014

-------------------- ----------- --------------------------------------- ----------- -------------------Total non-current assets

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Amira Nature Foods Ltd

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