Decks Cleared and Nufarm now Heading for a Period of More Favourable Winds

Nufarm is a major producer of crop-protection products including herbicides, fungicides, and pesticides, selling into all major world markets. The company is leveraged to growing demand for crops for biofuels, and for food from rapidly industrialising markets such as China and India. Growth should come from astute brand and offshore business investments and from a customer-service-focused strategy. However, the global crop-protection markets are competitive and earnings are cyclical, given a reliance on seasonal conditions. Sumitomo Chemical's 18% investment in Nufarm endorses the quality of its global distribution. Collaboration will broaden product portfolios and add distribution in Asia.