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Bullboard - Stock Discussion Forum AGT Food & Ingredients Inc 5.375% Pfd Restricted 4 Month Hold T.AGTPRA

"AGT Food and Ingredients Inc is a farm products company. The business has three primary segments: Pulse and Grain Processing, Bulk Handling and Distribution, and Food Ingredients and Packaged Foods. The Pulse and Grain Processing segment is engaged in the cleaning, calibration, sizing, shipping, and export of pulse and stable foods. The Bulk Handling and Distribution segment is engaged in the... see more

TSX:AGTPRA - Post Discussion

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Post by Carlos66 on Nov 29, 2016 9:01am

re: Indian Farmers

---according to Behr,  Indian production volume of pulses maybe coming back to norms; so maybe to offset declining imports from India & bad weather locally which affects volumes & quality, we should start sourcing in India to take advantage of cheaper inputs. By diversifying our sourcing there we would also cut transportation costs to sell to the far east markets as well as helping to influence pricing/quality of product. I'm sure better farming techniques by Indian farmers who probably don't get much help from their gov't. if the currency note change is any example. The change w/o notifying the farmers came right at a time of  need for currency for seeding the next crop. Farmers are not near banks nor do they use banks for borrowing mainly. They use independent lenders who are not sensitive to the needs of the farmers.
---AGT may see declining sales from India???


carlos
Comment by Buhl2Behr on Nov 29, 2016 10:41am
True Carlos... there may be a decline from the India market but there are opportunities in other markets as stated in the article. "To fill the gap in demand typically taken by India, other pulse importing markets like Asia, the Middle East, and North and South America continues to grow." As well, our value added food lines are increasing production.
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