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Nufarm books massive loss but says ‘headwinds easing’ – NEWS.com.au
Nufarm books massive loss but says ‘headwinds easing’
Seeds and crop protection company Nufarm has booked a massive full-year net loss after demand in Australia fell as drought reduced summer crop planting and poor seasonal conditions hit Europe.The company’s eye-watering $456 million loss compares with a $38.3 million profit for 2018-19.
Nufarm chief executive Greg Hunt said earnings performance in 2019-20 had been disappointing.
“The agricultural markets in which we operate across the globe have endured mixed seasonal conditions, industry-relat…
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