Take a look at the last 4 trading days including today. AGU is not only getting hammered with heavy share declines daily but also with significant trading above average daily volumes. Looks like a lot of folks are unhappy with management's response to Jana. It could also simply be a downward momentum trade. It will be interesting to see what the stock does when it hits its 50 day moving line which is not far away given how much it has dropped already today. One might think that things were really sick at the company when the opposite is more likely the case. But that isn't affecting the sell mentality which is currently regnant.
tFFertizer prices are dropping daily as the largest Buyer Indian Govt have stopped the subsidy to farmers who have now to buy it in the open mkt. Thy in turn are switching to organic farming using any and ewverything organic. With 1.2 Bn people and 1.6bn animals they have plenty and the digesters are working flat out . Fortunately the process is not stable or reliable. The smart ones will eventaully revert to artificial NPN instaed of spraying animal waste using portable hand held sprayers. once a fortnight.