Nufarm slumps on grim out­look

Mercury (Hobart) - - BUSINESS -

NUFARM shares plum­meted by nearly 20 per cent af­ter the ag-chem sup­plier an­nounced weak de­mand and un­fore­seen sales re­bate claims are ex­pected to wilt its half-year re­sult.

The com­pany said dif­fi­cult trad­ing con­di­tions – par­tic­u­larly in North Amer­ica – had per­sisted dur­ing the first quar­ter of FY20, with earn­ings po­ten­tially droop­ing by $20 mil­lion for the three-month pe­riod and un­likely to be mit­i­gated dur­ing what is tra­di­tion­ally its strong­est sales pe­riod of the year.

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