Nufarm at 'turning point': McGauchie

Chairman says worst is over for group, three years after he took the helm.

Nufarm chairman Donald McGauchie says the worst is over for the troubled agricultural chemicals supplier after a full-year earnings guidance downgrade, a global collapse in prices of the herbicide glyphosate and the loss of important distribution contracts. 

Shares in the group have been on the rebound since falling to an 18-month low in late March when Nufarm downgraded its full-year profit outlook on poor weather and analysts cut the group's earnings estimates. 


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