Nufarm lowers sights

Agricultural chemicals supplier Nufarm has slashed its outlook for the full fiscal year after booking a 53 per cent fall in first-half profit to $8.4 million.

Agricultural chemicals supplier Nufarm has slashed its outlook for the full fiscal year after booking a 53 per cent fall in first-half profit to $8.4 million. Hot, dry conditions in Australia had reduced demand for crop protection products, and Nufarm was also hurt by foreign exchange losses, the company said.