Shares in rice firm Amira Nature Foods fell again on their second day of trading in New York.

At 17:56 ET this afternoon, Amira’s stock was down over 13% at US$8.33. The Dubai-based company floated on the New York Stock Exchange yesterday, pricing its IPO at $10 a share. After one day’s trading, Amira’s shares had reached $9.58.

Amira sells packaged Indian specialty rice under its namesake brand and third-party labels. Its headquarters are in Dubai and it also has offices in India, Malaysia, Singapore, the UK and the US.