Investors looked through Nufarm’s bumper first-half earnings driven by surging grains production, as chief executive Greg Hunt flagged farmers had loaded up on crop protection amid heightened uncertainty, pulling sales forward.
Handing down a 61 per cent spike in interim profit on Thursday, Mr Hunt said the outlook remained solid with “highly favourable” conditions as elevated grain prices spurred increased planting and demand for crop protection products.
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Michael Bennet is WA reporter for The Australian Financial Review based in Perth. He has worked as a journalist for more than a decade, including at The Australian where he was senior banking reporter and also covered economics, markets and deals. Connect with Michael on Twitter. Email Michael at michael.bennet@afr.com
