Nufarm Approaches Record Profit
8 December 2008 “While Brazil — which last year comprised 15 per cent of group sales — will come in below our original estimates, the balance of the business is in an excellent condition,” Managing Director Doug Rathbone told shareholders at its annual meeting. “Underlying demand for crop protection products remains strong and we expect to be able to at least maintain profit margins across our various product positions.”
Some of the growth was attributed to the fact that the company had improved its glyphosate supplies due to better ties with Monsanto and new partners in China. Rathbones says he expects the demand for glyphosate to grow in conjunction with the adoption of Roundup Ready crops and developing markets.
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