Nufarm Swings to Loss

Agchem firm Nufarm (Melbourne) has recorded a net loss of A$22.6 million ($21.7 million) for the fiscal year ended July 31, 2010, compared with a net profit of A$80.5 million in the previous fiscal year. Sales decreased 19%, to A$2.17 billion. The financial results reflect “difficult trading conditions in the global glyphosate segment, an extremely competitive pricing environment, and the negative impact of climatic conditions in various regional markets around the world,” Nufarm says. The company says that while it maintained its market shares in...

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