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Nufarm shares plunge after profit downgrade

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Nufarm boss Greg Hunt was unable to give investors a firm answer on when farm chemical prices will stabilise after the company announced a surprise profit downgrade on Thursday, sending the share price tumbling.

The Nufarm share price plunged more than 10 per cent to $3.93 after it backtracked on guidance issued three months ago.

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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com

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    Original URL: https://www.afr.com/companies/agriculture/nufarm-shares-plunge-after-profit-downgrade-20240815-p5k2n5