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Nufarm recorded lower earnings in all regions during the first quarter of fiscal 2020 (ending July 31st), the company’s managing director and CEO, Greg Hunt, told shareholders at Nufarm’s annual general meeting this week.
Nufarm expects its earnings before interest, tax, depreciation and amortisation (EBITDA) in the first half of its fiscal 2020 (ending July 31st) to be "significantly lower" than in the six months to January 31st 2019.
Indian company Insecticides India recorded a 9.8% rise in sales to Rs 5,031 million ($69.8 million at the current rate) in its second quarter ended September 30th 2019.
Japanese company Nippon Kayaku recorded agrochemical sales of some ¥3,200 million ($29.4 million at the current rate) in the first half of its fiscal year ending March 31st 2020.
Italian agrochemical company Isagro (Milan) has posted a 10.6% fall in third-quarter agrochemical sales to €23.2 million ($25.6 million at the current rate).
Argentine seed and agrochemical supplier Bioceres group's (Rosario) crop protection revenues rose by 22% to $18 million in its first quarter of fiscal 2020, ended September 30th 2019.
Japanese company Idemitsu Kosan's agrochemical subsidiary, SDS Biotech, recorded a 2.5% drop in sales to ¥4,837 million ($44.7 million at the current rate) in the three months to September 30th 2019, which was the second quarter of its fiscal 2020.
Nissan Chemical's consolidated agrochemical sales (including some veterinary products) rose by 7.2% to ¥13,204 million ($122 million at the current rate) in the three months to September 30th 2019.
Sumitomo Chemical's crop protection sales decreased in the six months to September 30th 2019 due to the impact of extreme weather in North America.
American Vanguard's crop protection sales rose by 10.6% to $105.5 million in the third quarter of 2019.
Indian company Sharda Cropchem (Mumbai) registered near flat agrochemical revenues for its second quarter ended September 30th 2019, dipping 0.6% to Rs 2,365 million ($33.5 million at the current rate).
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