3rd March,2015 Daily Global Rice E_Newsletter by Riceplus Magazine

8/9/2019 3rd March,2015 Daily Global Rice E_Newsletter by Riceplus Magazine

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Daily Global Rice E-Newsletter by Riceplus Magazine

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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

aily Global Rice E-Newsletter3

rd March , 201

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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 roletowards 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/INEhttp://www.antaranews.com/en/news/97949/indonesian-government-to-control-inflation-optimally

High-Temperature Tolerance Enhancement Successful On

Tomatoes And Rice

Kathleen Lees [email protected]

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 hightemperatures.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 non-

genetically modified way. It will be easier for this method to find acceptance in Japan where

http://www.antaranews.com/en/news/97949/indonesian-government-to-control-inflation-optimallyhttp://www.antaranews.com/en/news/97949/indonesian-government-to-control-inflation-optimallyhttp://www.scienceworldreport.com/reporters/kathleen-leesmailto:[email protected]:[email protected]:[email protected]:[email protected]://www.scienceworldreport.com/reporters/kathleen-leeshttp://www.antaranews.com/en/news/97949/indonesian-government-to-control-inflation-optimally


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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 fromits stockpiles Reuters Mar 2, 2015, 12.15PM IST

Tags:

Thailand| stocks| rice| exports| bangkok

("The Thai govt's efforts…)

http://www.sciencedaily.com/releases/2015/03/150302071014.htmhttp://www.sciencedaily.com/releases/2015/03/150302071014.htmhttp://www.sciencedaily.com/releases/2015/03/150302071014.htmhttp://www.sciencedaily.com/releases/2015/03/150302071014.htmhttp://economictimes.indiatimes.com/topic/Thailandhttp://economictimes.indiatimes.com/topic/Thailandhttp://economictimes.indiatimes.com/topic/stockshttp://economictimes.indiatimes.com/topic/stockshttp://economictimes.indiatimes.com/topic/ricehttp://economictimes.indiatimes.com/topic/ricehttp://economictimes.indiatimes.com/topic/exportshttp://economictimes.indiatimes.com/topic/exportshttp://economictimes.indiatimes.com/topic/bangkokhttp://economictimes.indiatimes.com/topic/bangkokhttp://economictimes.indiatimes.com/photo/46427682.cmshttp://economictimes.indiatimes.com/topic/bangkokhttp://economictimes.indiatimes.com/topic/exportshttp://economictimes.indiatimes.com/topic/ricehttp://economictimes.indiatimes.com/topic/stockshttp://economictimes.indiatimes.com/topic/Thailandhttp://www.sciencedaily.com/releases/2015/03/150302071014.htmhttp://www.sciencedaily.com/releases/2015/03/150302071014.htm


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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 17million 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 offloadsstocks

http://economictimes.indiatimes.com/topic/ricehttp://economictimes.indiatimes.com/topic/ricehttp://economictimes.indiatimes.com/topic/exportshttp://economictimes.indiatimes.com/topic/exportshttp://economictimes.indiatimes.com/topic/exportshttp://economictimes.indiatimes.com/topic/Thailandhttp://economictimes.indiatimes.com/topic/Thailandhttp://economictimes.indiatimes.com/topic/Thailandhttp://economictimes.indiatimes.com/topic/Bangkokhttp://economictimes.indiatimes.com/topic/Bangkokhttp://economictimes.indiatimes.com/topic/Bangkokhttp://economictimes.indiatimes.com/topic/stockshttp://economictimes.indiatimes.com/topic/stockshttp://economictimes.indiatimes.com/topic/stockshttp://economictimes.indiatimes.com/topic/stockshttp://economictimes.indiatimes.com/topic/Bangkokhttp://economictimes.indiatimes.com/topic/Thailandhttp://economictimes.indiatimes.com/topic/exportshttp://economictimes.indiatimes.com/topic/rice


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REUTERS

COMMENT · PRINT · T+

inShare

4

ReutersA 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 2015as 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, saidthe country's exports could plunge by a fifth this year to 8 million tonnes, with some other industryofficials in the country making similar warnings.

Lower exports will leave more rice in Indian hands, piling pressure on already-bulging storage andraising 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 5per cent since the start of October. That's good news for African nations like Nigeria and Senegal thatare typically major buyers of Asian rice.

"The Thai government's efforts to sell rice from its own warehouses has been putting pressure onglobal prices and limiting Indian exports," said Rao.

http://www.thehindubusinessline.com/industry-and-economy/agri-biz/indian-rice-exports-to-plunge-as-thailand-offloads-stocks/article6951066.ece?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication#commentshttp://www.thehindubusinessline.com/industry-and-economy/agri-biz/indian-rice-exports-to-plunge-as-thailand-offloads-stocks/article6951066.ece?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication#commentshttp://www.thehindubusinessline.com/industry-and-economy/agri-biz/indian-rice-exports-to-plunge-as-thailand-offloads-stocks/article6951066.ece?css=printhttp://www.thehindubusinessline.com/industry-and-economy/agri-biz/indian-rice-exports-to-plunge-as-thailand-offloads-stocks/article6951066.ece?css=printhttp://www.thehindubusinessline.com/industry-and-economy/agri-biz/indian-rice-exports-to-plunge-as-thailand-offloads-stocks/article6951066.ece?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndicationhttp://www.thehindubusinessline.com/industry-and-economy/agri-biz/indian-rice-exports-to-plunge-as-thailand-offloads-stocks/article6951066.ece?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndicationhttp://www.thehindubusinessline.com/industry-and-economy/agri-biz/indian-rice-exports-to-plunge-as-thailand-offloads-stocks/article6951066.ece?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndicationhttp://www.thehindubusinessline.com/industry-and-economy/agri-biz/indian-rice-exports-to-plunge-as-thailand-offloads-stocks/article6951066.ece?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndicationhttps://www.google.com/url?ct=abg&q=https://www.google.com/adsense/support/bin/request.py%3Fcontact%3Dabg_afc%26url%3Dhttp://agriculture.einnews.com/article/252552598/PQ5WUbS2k-3MTtIm%26gl%3DPK%26hl%3Den%26client%3Dca-hindu_site_html%26hideleadgen%3D1%26ai0%3DCbo0wDz74VMveFtS98AOVjoCADJCzqYkEkP6q5BzAjbcBEAEgvYO_E2DL3LQFoAGcx9XsA8gBAakC5_SITmCMuT6oAwGqBJgBT9A-Y9vHZcRxIOlO2jmKb-qVlFIeFrM6kyxeuyuKXlEcR0L8h4r5DC5VTLzvYy_Jjqg9g578oe5D7fKChHMFGkWSbvGOJ_s2eWYABQzvl26IoRVy2e41pB1xz1mZYyVhrzRR9JRsJUFbjMbraYaX4bjk-CSSNRPIcK9zBN-iyTArYTCslx1RFwTswMttETaBNjHoxXIQ452IBgGAB8y4qhPYBwE&usg=AFQjCNGKNY8pSdKgOFbgr7lHm0eJ2sP2ighttps://www.google.com/url?ct=abg&q=https://www.google.com/adsense/support/bin/request.py%3Fcontact%3Dabg_afc%26url%3Dhttp://agriculture.einnews.com/article/252552598/PQ5WUbS2k-3MTtIm%26gl%3DPK%26hl%3Den%26client%3Dca-hindu_site_html%26hideleadgen%3D1%26ai0%3DCbo0wDz74VMveFtS98AOVjoCADJCzqYkEkP6q5BzAjbcBEAEgvYO_E2DL3LQFoAGcx9XsA8gBAakC5_SITmCMuT6oAwGqBJgBT9A-Y9vHZcRxIOlO2jmKb-qVlFIeFrM6kyxeuyuKXlEcR0L8h4r5DC5VTLzvYy_Jjqg9g578oe5D7fKChHMFGkWSbvGOJ_s2eWYABQzvl26IoRVy2e41pB1xz1mZYyVhrzRR9JRsJUFbjMbraYaX4bjk-CSSNRPIcK9zBN-iyTArYTCslx1RFwTswMttETaBNjHoxXIQ452IBgGAB8y4qhPYBwE&usg=AFQjCNGKNY8pSdKgOFbgr7lHm0eJ2sP2ighttp://www.googleadservices.com/pagead/aclk?sa=L&ai=Cbo0wDz74VMveFtS98AOVjoCADJCzqYkEkP6q5BzAjbcBEAEgvYO_E2DL3LQFoAGcx9XsA8gBAakC5_SITmCMuT6oAwGqBJgBT9A-Y9vHZcRxIOlO2jmKb-qVlFIeFrM6kyxeuyuKXlEcR0L8h4r5DC5VTLzvYy_Jjqg9g578oe5D7fKChHMFGkWSbvGOJ_s2eWYABQzvl26IoRVy2e41pB1xz1mZYyVhrzRR9JRsJUFbjMbraYaX4bjk-CSSNRPIcK9zBN-iyTArYTCslx1RFwTswMttETaBNjHoxXIQ452IBgGAB8y4qhPYBwE&num=1&cid=5Gi2Y9SxXvWl4irW_Ln1d-a4&sig=AOD64_0RJEBnTMHr61lDKYOXtAi7_IhUTA&client=ca-hindu_site_html&adurl=http://free-online-training-courses.com/training-courses/http://www.googleadservices.com/pagead/aclk?sa=L&ai=Cbo0wDz74VMveFtS98AOVjoCADJCzqYkEkP6q5BzAjbcBEAEgvYO_E2DL3LQFoAGcx9XsA8gBAakC5_SITmCMuT6oAwGqBJgBT9A-Y9vHZcRxIOlO2jmKb-qVlFIeFrM6kyxeuyuKXlEcR0L8h4r5DC5VTLzvYy_Jjqg9g578oe5D7fKChHMFGkWSbvGOJ_s2eWYABQzvl26IoRVy2e41pB1xz1mZYyVhrzRR9JRsJUFbjMbraYaX4bjk-CSSNRPIcK9zBN-iyTArYTCslx1RFwTswMttETaBNjHoxXIQ452IBgGAB8y4qhPYBwE&num=1&cid=5Gi2Y9SxXvWl4irW_Ln1d-a4&sig=AOD64_0RJEBnTMHr61lDKYOXtAi7_IhUTA&client=ca-hindu_site_html&adurl=http://free-online-training-courses.com/training-courses/http://www.googleadservices.com/pagead/aclk?sa=L&ai=Cbo0wDz74VMveFtS98AOVjoCADJCzqYkEkP6q5BzAjbcBEAEgvYO_E2DL3LQFoAGcx9XsA8gBAakC5_SITmCMuT6oAwGqBJgBT9A-Y9vHZcRxIOlO2jmKb-qVlFIeFrM6kyxeuyuKXlEcR0L8h4r5DC5VTLzvYy_Jjqg9g578oe5D7fKChHMFGkWSbvGOJ_s2eWYABQzvl26IoRVy2e41pB1xz1mZYyVhrzRR9JRsJUFbjMbraYaX4bjk-CSSNRPIcK9zBN-iyTArYTCslx1RFwTswMttETaBNjHoxXIQ452IBgGAB8y4qhPYBwE&num=1&cid=5Gi2Y9SxXvWl4irW_Ln1d-a4&sig=AOD64_0RJEBnTMHr61lDKYOXtAi7_IhUTA&client=ca-hindu_site_html&adurl=http://free-online-training-courses.com/training-courses/http://www.googleadservices.com/pagead/aclk?sa=L&ai=Cbo0wDz74VMveFtS98AOVjoCADJCzqYkEkP6q5BzAjbcBEAEgvYO_E2DL3LQFoAGcx9XsA8gBAakC5_SITmCMuT6oAwGqBJgBT9A-Y9vHZcRxIOlO2jmKb-qVlFIeFrM6kyxeuyuKXlEcR0L8h4r5DC5VTLzvYy_Jjqg9g578oe5D7fKChHMFGkWSbvGOJ_s2eWYABQzvl26IoRVy2e41pB1xz1mZYyVhrzRR9JRsJUFbjMbraYaX4bjk-CSSNRPIcK9zBN-iyTArYTCslx1RFwTswMttETaBNjHoxXIQ452IBgGAB8y4qhPYBwE&num=1&cid=5Gi2Y9SxXvWl4irW_Ln1d-a4&sig=AOD64_0RJEBnTMHr61lDKYOXtAi7_IhUTA&client=ca-hindu_site_html&adurl=http://free-online-training-courses.com/training-courses/http://www.googleadservices.com/pagead/aclk?sa=L&ai=Cbo0wDz74VMveFtS98AOVjoCADJCzqYk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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 17million tonnes of rice built up under a controversial subsidy scheme. It aims to sell 10 million tonnesin 2015 and 7 million next year.

Indian exporters can compete with private Thai traders, but not with the government as it can cutprices 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 gradeat 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 RiceExporters Association, who declined to be identified.

India, which lost the top rice exporter spot in 2014, could see its shipments of non-basmati orcommon 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 supportlocal 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 SeedsChia 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 & TurkeyAvocado

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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R&D Section: Riceplus Magazine Page10



Ginger

Beetroot

ChilliYoghurt

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'tproperly 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, 2015 Agricultural and Processed Food Products Export Development Authority Engredea News & Analysis

O EMAIL INSHARE

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COMMENTS 0

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 APEDA’s website at apeda.gov.in.

Amira Nature Foods Ltd ProvidesPresentation for Third Quarter 2015Financial 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 theCompany’s website at http://www.amira.net/investor/financial-reports-information/. The

investor presentation includes two sections titled “Fiscal Q3 2015 Financial

Results”and “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 Indiansub-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.

Amira Nature Foods Ltd

Bruce Wacha

Chief Financial Officer

201-960-0745

[email protected]

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Futures and Commodity Market News

Amira Nature Foods Ltd Announces Third Quarter 2015Financial Results

Sponsor

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 ofbranded, packaged Indian specialty rice, today reported financial results for its fiscal 2015 third quarterwhich 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 ourinfrastructure as we further develop our global distribution footprint. In India, we plan to add moreCompany-managed distribution centers, and in the US we expect our new strategic distributionpartnerships with CROSSMARK and UNFI will help us to better capture the many internationalopportunities for growth with the Amira brand. As we celebrate our centennial in 2015, Amira is betterpositioned than ever before with the right people, products and strategic initiatives in place to driveincremental sales and profitability."

Bruce Wacha, Amira's Chief Financial Officer, added, "During our fiscal third quarter, we generatedrecord quarterly revenue, adjusted EBITDA and adjusted EPS which represents our tenth consecutivequarter of double digit revenue and profit growth as a public company. Our growth in the third quarterwas driven primarily by volume gains as we build out our distribution around the globe and capitalizeon the continued demand for healthy, better for you products such as our premium, specialty rice. OurBasmati and other specialty rice sales were up significantly in the third quarter, while revenues alsobenefited from an increase in our more opportunistic institutional business. Going forward, we continueto see many opportunities in India and around the world to further grow our business and create valuefor our shareholders."

Third Quarter Fiscal 2015 Results

Revenue for the third quarter of fiscal 2015 increased 35.0% to $192.4 million, compared to $142.5million for same period in fiscal 2014. The revenue increase was primarily due to increased salesvolume 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 brandedand 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 $152.7million, and as a percentage of revenue increased by 390 basis points to 79.3% from 75.4% in theyear 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 pointsto 79.2% of sales from 75.9% in the prior period. This was largely driven by higher cost of raw materialfrom the procurement season of the fiscal 2014.

Increase in cost of material, including the change of finished goods were offset in part by other lineitems throughout the P&L. Freight, forwarding and handling expenses decreased by 180 basis pointsto 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 theprior year period. Other expenses decreased 80 basis points to 3.2% of sales from 4.0% of sales inthe year ago period. Other gains / losses showed a gain of $1.3 million versus a loss of $0.9 million inthe prior year period.

Adjusted EBITDA increased $7.4 million or 36.6% to $27.7 million and Adjusted EBITDA marginincreased 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 monthsended December 31, 2014 compared to $10.4 million in the year ago period. Adjusted EPS increased52.9% to $0.44 per share from $0.29 per share in the prior year period. The Company's effective taxrate was 21.8% for the period compared to 19.1% for the prior year period. A reconciliation of adjustedEBITDA, 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 $17.5million 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 sameperiod 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 adjustednet 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 ofMarch 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 workingcapital 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 andadjusted EBITDA growth in excess of 25%. This is in line with long-term guidance previously providedto the investment community. The Company's guidance is based on foreign exchange rates as ofDecember 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 internationallisteners. Live audio of the conference call and a supplemental presentation will be simultaneouslywebcast 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 1-877-870-5176 for North American listeners or 1-858-384-5517 for international listeners (conference ID13602559). 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 Indianspecialty rice, with sales in over 60 countries today. The Company primarily sells Basmati rice, whichis a premium long-grain rice grown only in certain regions of the Indian sub-continent, under itsflagship Amira brand as well as under other third party brands. Amira sells its products through abroad distribution network in both the developed and emerging markets. The Company's globalheadquarters 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 NewYork Stock Exchange (NYSE) under the ticker symbol "ANFI." For more information please visitwww.amira.net.

Cautionary Note on Forward-Looking Statements

This release contains forward-looking statements within the meaning of the U.S. federal securitieslaws. These forward-looking statements generally can be identified by phrases such as that we or ourmembers of management "believe," "expect," "anticipate," "foresee," "forecast," "estimate" or otherwords 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 newgeographic markets, maintaining and expanding our relationship with key retail partners, the financialimpact of new sales contracts on our revenue, our plans to make significant capital expenditures, andother statements of management's beliefs, intentions or goals. It is uncertain whether any of theevents anticipated by the forward-looking statements will transpire or occur, or if any of them do, whatimpact they will have on our results of operations, financial condition, or the price of our ordinaryshares. These forward-looking statements involve certain risks and uncertainties that could causeactual 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 geographicmarkets; our ability to perform our agreements with customers and further develop our relationshipswith key retail partners; our ability to recognize revenue from our contracts; continued competitivepressures 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 andrealize additional opportunities for growth; and the other risks and important factors contained andidentified in our filings with the Securities and Exchange Commission. All forward-looking statementsattributable to us or to persons acting on our behalf are expressly qualified in their entirety by theserisk factors. Since we operate in an emerging and evolving environment and new risk factors anduncertainties emerge from time to time, you should not rely upon forward-looking statements aspredictions of future events. Except as required under the securities laws of the United States, weundertake no obligation to update any forward-looking or other statements herein to reflect events orcircumstances after the date hereof, whether as a result of new information, future events orotherwise.


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

1,727,338Other 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

11,541,2599,768,514

Prepayments

10,206,040

8,361,244

Other current assets

1,664,630

765,655

Cash and cash equivalents

26,960,875 37,606,098


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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

$ 9,115Share 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 December

31, 2013

December 31, 2014 December

31, 2013

(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 income1,632,163

2,248,529

548,802

685,383

Other gains and (losses)

4,543,029 (711,563

)

1,251,358 (902,391

)

-------------------- ------------ --------------------

-------------------- ------------ --------------------

-------------------- ------------ --------------------

-------------------- ------------ --------------------

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 )

-------------------- ------------------------------------------------------ ----------------------------------

-------------------- ----------------------------------

-------------------- ----------------------------------

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, 2013

December 31, 2014 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 Participatein the 4th Annual UBS GlobalConsumer ConferenceTue Mar 3, 2015 4:00pm EST* Reuters is not responsible for the content in this press release.

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,

Amira’s 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 Company’s website at www.amira.net. The webcast of the presentation 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 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 Company’s global headquarters are in

Dubai, United Arab Emirates, and it also has offices in India, Malaysia, Singapore,

http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.amira.net&esheet=51051815&newsitemid=20150303006681&lan=en-US&anchor=www.amira.net&index=1&md5=ba5563a741758c44053effd68a07d967http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.amira.net&esheet=51051815&newsitemid=20150303006681&lan=en-US&anchor=www.amira.net&index=1&md5=ba5563a741758c44053effd68a07d967http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.amira.net&esheet=51051815&newsitemid=20150303006681&lan=en-US&anchor=www.amira.net&index=1&md5=ba5563a741758c44053effd68a07d967http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.amira.net&esheet=51051815&newsitemid=20150303006681&lan=en-US&anchor=www.amira.net&index=1&md5=ba5563a741758c44053effd68a07d967


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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

Chief Financial Officer

[email protected]

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-1239-

million-tons-east-java.html#sthash.MWY06VJP.dpuf

http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.amira.net&esheet=51051815&newsitemid=20150303006681&lan=en-US&anchor=www.amira.net&index=2&md5=c2bbf4edcab4091f9770c6310e6210e9http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.amira.net&esheet=51051815&newsitemid=20150303006681&lan=en-US&anchor=www.amira.net&index=2&md5=c2bbf4edcab4091f9770c6310e6210e9http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.amira.net&esheet=51051815&newsitemid=20150303006681&lan=en-US&anchor=www.amira.net&index=2&md5=c2bbf4edcab4091f9770c6310e6210e9mailto:[email protected]:[email protected]://www.thejakartapost.com/news/2015/03/06/total-team-with-pertamina-mahakam-block.htmlhttp://www.thejakartapost.com/news/2015/03/06/total-team-with-pertamina-mahakam-block.htmlhttp://www.thejakartapost.com/news/2015/03/06/bank-indonesia-set-atm-merger-policy.htmlhttp://www.thejakartapost.com/news/2015/03/06/bank-indonesia-set-atm-merger-policy.htmlhttp://www.thejakartapost.com/news/2015/03/06/rupiah-opens-rp-12972-dollar-friday.htmlhttp://www.thejakartapost.com/news/2015/03/06/rupiah-opens-rp-12972-dollar-friday.htmlhttp://www.thejakartapost.com/news/2015/03/03/unhusked-rice-production-reaches-1239-million-tons-east-java.html#sthash.MWY06VJP.dpufhttp://www.thejakartapost.com/news/2015/03/03/unhusked-rice-production-reaches-1239-million-tons-east-java.html#sthash.MWY06VJP.dpufhttp://www.thejakartapost.com/news/2015/03/03/unhusked-rice-production-reaches-1239-million-tons-east-java.html#sthash.MWY06VJP.dpufhttp://www.thejakartapost.com/news/2015/03/03/unhusked-rice-production-reaches-1239-million-tons-east-java.html#sthash.MWY06VJP.dpufhttp://www.thejakartapost.com/news/2015/03/03/unhusked-rice-production-reaches-1239-million-tons-east-java.html#sthash.MWY06VJP.dpufhttp://www.thejakartapost.com/news/2015/03/03/unhusked-rice-production-reaches-1239-million-tons-east-java.html#sthash.MWY06VJP.dpufhttp://www.thejakartapost.com/news/2015/03/06/rupiah-opens-rp-12972-dollar-friday.htmlhttp://www.thejakartapost.com/news/2015/03/06/bank-indonesia-set-atm-merger-policy.htmlhttp://www.thejakartapost.com/news/2015/03/06/total-team-with-pertamina-mahakam-block.htmlmailto:[email protected]://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.amira.net&esheet=51051815&newsitemid=20150303006681&lan=en-US&anchor=www.amira.net&index=2&md5=c2bbf4edcab4091f9770c6310e6210e9


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Fall in rice output tests

Jokowi’s 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” Widodo’s 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 Indonesia’s 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 government’s 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 of fice.

“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.

http://www.thejakartapost.com/news/2015/03/06/death-row-convicts-isolated-depressed.htmlhttp://www.thejakartapost.com/news/2015/03/06/death-row-convicts-isolated-depressed.htmlhttp://www.thejakartapost.com/news/2015/03/06/lipi-designs-two-batches-concurrent-polls.htmlhttp://www.thejakartapost.com/news/2015/03/06/lipi-designs-two-batches-concurrent-polls.htmlhttp://www.thejakartapost.com/news/2015/03/06/police-asked-stop-cracking-down-media.htmlhttp://www.thejakartapost.com/news/2015/03/06/police-asked-stop-cracking-down-media.htmlhttp://www.thejakartapost.com/news/2015/03/06/police-asked-stop-cracking-down-media.htmlhttp://www.thejakartapost.com/news/2015/03/06/lipi-designs-two-batches-concurrent-polls.htmlhttp://www.thejakartapost.com/news/2015/03/06/death-row-convicts-isolated-depressed.html


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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 government’s decision not to import rice was the correct move, as an influx of importswould 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-food-

vision.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.

http://www.thejakartapost.com/news/2015/03/03/fall-rice-output-tests-jokowi-s-food-vision.html#sthash.Nhg5hOBA.dpufhttp://www.thejakartapost.com/news/2015/03/03/fall-rice-output-tests-jokowi-s-food-vision.html#sthash.Nhg5hOBA.dpufhttp://www.thejakartapost.com/news/2015/03/03/fall-rice-output-tests-jokowi-s-food-vision.html#sthash.Nhg5hOBA.dpufhttp://www.thejakartapost.com/news/2015/03/03/fall-rice-output-tests-jokowi-s-food-vision.html#sthash.Nhg5hOBA.dpufhttp://www.thejakartapost.com/news/2015/03/06/total-team-with-pertamina-mahakam-block.htmlhttp://www.thejakartapost.com/news/2015/03/06/total-team-with-pertamina-mahakam-block.htmlhttp://www.thejakartapost.com/news/2015/03/06/bank-indonesia-set-atm-merger-policy.htmlhttp://www.thejakartapost.com/news/2015/03/06/bank-indonesia-set-atm-merger-policy.htmlhttp://www.thejakartapost.com/news/2015/03/06/rupiah-opens-rp-12972-dollar-friday.htmlhttp://www.thejakartapost.com/news/2015/03/06/rupiah-opens-rp-12972-dollar-friday.htmlhttp://www.thejakartapost.com/news/2015/03/06/rupiah-opens-rp-12972-dollar-friday.htmlhttp://www.thejakartapost.com/news/2015/03/06/bank-indonesia-set-atm-merger-policy.htmlhttp://www.thejakartapost.com/news/2015/03/06/total-team-with-pertamina-mahakam-block.htmlhttp://www.thejakartapost.com/news/2015/03/03/fall-rice-output-tests-jokowi-s-food-vision.html#sthash.Nhg5hOBA.dpufhttp://www.thejakartapost.com/news/2015/03/03/fall-rice-output-tests-jokowi-s-food-vision.html#sthash.Nhg5hOBA.dpuf


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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 government-

controlled 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 rice-

price 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-expectedharvest season, he explained.

The 0.36 percent monthly deflation in February was better than Bank Indonesia’s (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-ratesetting, 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.

BI’s 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 BI’s 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 full-

year 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 contr ibuted to this story - See more at: http://www.thejakartapost.com/news/2015/03/03/deflation-february-despite-rise-price-

rice.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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3rd March,2015 Daily Global Rice E_Newsletter by Riceplus Magazine

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