Nufarm NZ sales slip on weak dairy prices, drought conditions

Wed, 25 Mar 2015

By Suze Metherell March 25 (BusinessDesk) - Nufarm, the agricultural chemicals manufacturer, reported a 14 percent drop in its New Zealand sales as the South Island drought and the decline in global dairy prices weighed on demand for pesticides and herbicides. Sales from is New Zealand operations fell to A$37 million in the six months ended Jan. 31, from A$44 million a year earlier, the Melbourne-based company said in a statement to the ASX.. New Zealand sales make up 3.2 percent of global revenue at parent Nufarm, which reported a 23 pe...

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