AGT Food & Ingredients Inc 5.375% Pfd Restricted 4 Month Hold T.AGTPRA

Pulses to India gain fumigation exemption extension.

[mountainpose]

This is unbelievable! A week ago AGT on their conference call said that this issue would be resolved. Well it's clear today that it is. https://www.producer.com/2017/03/pulses-to-indian-gain-fumigation-exemption-extension/ It is the statement prior to the fact I don't like. So now for the not so good news. I mentioned India was building a "strategic pulse reserve". They want to manage prices so that the farming of pulses is more stable over the years to come. The U.S. has their strategic petroleum reserve for security purposes but they have used it in the past to moderate prices as well. A very interesting and complex procedure by the way. It is my contention that the extension was granted in order to allow India to build their reserves. It is known that they are "short" pulses at this time. I expect the extension to be cancelled, as has already been announced once the reserves are satisfactory. Note that all countries were exempt not just Canada. If we are lucky we will get a break when the final decision is made. I would not count on it. I learned of this last night but did not report it until now. I added another 500 shares this morning. Got 2000 now). The chart is looking better as we go forward. We have a nice double low confirmed with volume. Time will tell. GLTA