Topic: How To Invest

Stock Pickers Digest Hotline – Friday, April 7, 2017

Article Excerpt

PLEASE NOTE: Due to the Good Friday holiday, our next Hotline will go out on Thursday, April 13, 2017. Dear client, AGT FOOD & INGREDIENTS INC., $29.05, symbol AGT on Toronto, buys and processes a range of pulses—peas, beans, lentils and chickpeas—as well as other specialty crops. The Saskatchewan-based company owns processing plants in Canada, the U.S., Turkey, Australia, China and South Africa. AGT’s shares have moved down lately, partly on concerns that India planned to restrict imports of Canadian pulses starting March 31, 2017. India has now granted Canadian exporters a three-month extension. For more than a decade, India has allowed Canada to treat pulse shipments for pests on arrival in that country rather that before shipping. The fumigation of pulse pests and insects requires the use of methyl bromide, a pesticide that Canada is trying to phase out. That’s because the chemical depletes the ozone layer. It also doesn’t work well in Canada’s colder temperatures. The Canadian government has submitted documents to India…

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