By Commodity News Service Canada
Winnipeg, June 15 (CNS Canada) – The Saskatchewan government reported in its latest crop report Thursday that 70 percent of pulse crops are at normal development for this time year, although moisture is needed in many central and southern regions.
Grain traders in India went on strike Thursday, protesting the government’s plan to impose a goods and services tax on branded rice and lentils. The tax is designed to replace various producer levies with one overall tax. It is scheduled to take effect July 1.
The tax would affect packed and branded lentils, daal and rice, but would not apply to purchases made directly from farmers.
AGT Food and Ingredients Inc. announced at its annual shareholders meeting, a cash dividend for the quarter ending June 30 of 15 cents per common share. AGT’s current annualized cash dividend rate is about 60 cents per share.
The company’s net income has declined compared to the same quarter last year to a loss of 27 cents per share from a gain of $1.12.
