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Nufarm Limited

( ASX:NUF ) - Materials

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Nufarm Unable To Weather The Drought

Shares in crop protection group Nufarm slumped sharply yesterday after the company revealed a loss for the half-year thanks to the intensifying drought. The company also suspended its dividend while a jury decision in a court case in San Francisco sets up another possible legal blow to the key chemical in its main product.

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ABARES Cuts Crop Forecasts Again

The East Coast drought - now dipping into Victoria and the dry emerging parts of southern Western Australia - has seen Australia again cut its 2018-19 wheat harvest estimate to where it is now forecast to be the lowest since the GFC and the last big drought in 2008.

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