Actually, the statement was that shipment this year may not "fructify". But that is not exactly news since we know they are shifting focus towards Wengfu. I was a little concerned about the transportation problems.

Scrot, I hope you didn't sell out in the last week or so. There is a good chance the last couple weeks were a near term market & LGDI bottom. LGDI has hardly any coverage and it has proven to lag the greater market. Take a look at the recent peaks & troughs starting in May compared to agri market:

index lower high march20 - LGDI lower high march23 ($1.36)

index lower low april 1 - LGDI lower low april 19 ($1)

index equal high april 24 - LGDI lower high april 26 ($1.2)

index lower low may 17 - LGDI lower low may 25 ($.99)

index lower high may 24 - LGDI lower high may 27 ($1.1)

index lower low june 7 - LGDI lower low june 4 ($.81, the exception)

index today higher broke the may 24 high and heading higher - LGDI (not yet above june 6)

The point I'm trying to make is that it is not a good idea to sell LGDI at the bottom while the agriculture market today just made a new short term high, higher since May 15th. LGDI hasn't yet exceeded its June 6 high. And it has proven to lag the agriculture market. June 7 is established as a new bottom for stocks all over the world including commodities, to be seen where its headed.

Although we're all focused on Wengfu & IFFCO, don't forget the 'ol rule of thumb: stock movement described 1/3 per greater markets, 1/3 per industry, 1/3 per individual management.