Nufarm Slams EU over “Protectionist” Food Security Stance
January 6, 2023
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The company produces a wide range of crop protection and plant nutrition products, including herbicides, insecticides, fungicides, seed treatments, fertilisers and adjuvants. Recently, Nufarm ($ASX:NUF) has slammed the European Union for its “protectionist” stance on food security. The company believes that this could have serious consequences for global food production, as the EU is one of the largest importers of agricultural products in the world. Nufarm’s criticism of the EU comes after Bayer CropScience called on the Australian government to expedite the approval process of genetically modified crops. This would allow for the introduction of new technologies, such as pest-resistant crops, which could increase food production and reduce crop losses due to pests.
However, the EU has been reluctant to embrace these new technologies, which has led to a number of restrictions on the importation of agricultural products from other countries. This has led to higher food prices for consumers and decreased access to food in some parts of the world. Nufarm is concerned that these restrictions will lead to decreased food security in the long term. The company believes that the EU should adopt a more open attitude towards food production and embrace new technologies that could increase food availability. Nufarm also believes that this could help to address global hunger and poverty. Nufarm’s criticism of the EU’s “protectionist” stance on food security serves to highlight the importance of open markets and access to new technologies in order to ensure global food security. The company believes that the EU should take steps to support a more open approach to food production and make sure that everyone has access to affordable and nutritious foods.
Share Price
On Wednesday, Nufarm Limited, an Australian agribusiness company, saw its stock open at AU$6.2 and close at AU$6.1, a 0.7% increase from the previous closing price of AU$6.1. This came after the company slammed the European Union (EU) for its “protectionist” stance on food security. Nufarm Limited criticized the EU for its efforts to protect its domestic agricultural sector. The company stated that these actions have led to an increase in export restrictions and tariffs, which have significantly impacted global trade. This has caused a decrease in international competition and has led to an increase in prices for food in Europe. Nufarm Limited claimed that these protectionist measures have resulted in a decrease in farmers’ incomes and have hindered access to affordable food for the world’s most vulnerable populations.
It also argued that these policies are detrimental to global food security and should be removed to promote global agricultural development. The company’s stance has been supported by other agricultural organizations, such as the International Federation of Agricultural Producers and the United Nations Food and Agriculture Organization. They have also urged the EU to reconsider its policies and take measures to ensure that global food security is not compromised. Nufarm Limited’s criticism of the EU’s protectionist stance on food security reflects the company’s commitment to promoting global agricultural development and food security. The company’s stance is likely to be welcomed by many agricultural organizations around the world, as it advocates for a more open and transparent global trading system. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nufarm Limited. More…
| Total Revenues | Net Income | Net Margin |
| 3.77k | 107.44 | 2.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nufarm Limited. More…
| Operations | Investing | Financing |
| 359.57 | -240.41 | -264.37 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nufarm Limited. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.66k | 2.51k | 5.66 |
Key Ratios Snapshot
Some of the financial key ratios for Nufarm Limited are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.1% | -41.3% | 5.4% |
| FCF Margin | ROE | ROA |
| 5.3% | 5.9% | 2.7% |
VI Analysis
Nufarm Limited is a medium risk investment according to VI app’s Risk Rating. This rating is based on the company’s fundamentals, which can help investors determine its long-term potential. The app has identified one risk warning in the balance sheet of the company, which investors should take into account when considering investing in Nufarm Limited. VI app’s Risk Rating not only takes into account the company’s fundamentals but also other factors, such as liquidity, cash flow and profitability. It also provides a detailed analysis of the financial and business aspects of the company. Investors should be aware that this rating is only a guide and should not be taken as a definitive indication of the company’s future performance. Investors should also be aware of any potential risks associated with Nufarm Limited. The company may be exposed to political or economic risks, or to changes in consumer preferences. Investors should research the company thoroughly in order to make an informed decision about their investment. Analysing the fundamentals of a company can be a time consuming and complex process. VI app makes it simpler and more efficient by providing investors with access to a comprehensive analysis of a company’s financial and business aspects. Investors should take advantage of this technology to make more informed decisions about their investments. More…
VI Peers
Nufarm Ltd is an Australian agricultural chemicals company. It is a leading supplier of crop protection products and services in Australia and New Zealand. The company has a strong presence in Asia, Latin America, and Africa. Nufarm Ltd’s main competitors are Kiwa Bio-Tech Products Group Corp, BioNitrogen Holdings Corp, and Equippp Social Impact Technologies Ltd.
– Kiwa Bio-Tech Products Group Corp ($OTCPK:KWBT)
Kiwa Bio-Tech Products Group Corp is a Chinese company that produces and sells organic fertilizer products. The company has a market capitalization of $56.48 million and a negative return on equity of 5.54%. Kiwa Bio-Tech Products Group Corp’s products are designed to improve the quality of soil and promote plant growth. The company’s products are used by farmers and gardeners in China and around the world.
– BioNitrogen Holdings Corp ($OTCPK:BIONQ)
Equippp Social Impact Technologies Ltd is a technology company that provides solutions for social impact. The company offers a range of services, including social media management, website design, and data analysis. It has a market cap of 4.02B as of 2022 and a return on equity of -23.29%. The company’s products and services are used by a variety of organizations, including nonprofits, government agencies, and businesses.
Summary
Nufarm Limited is an Australian-based agricultural chemical business that manufactures, markets, and distributes crop protection products and seeds. Investors may be interested in Nufarm Limited due to its potential for growth, its portfolio of diverse products, and its solid financial position. The company has been growing its revenue and earnings over the past four years, and its balance sheet is strong with a low debt-to-equity ratio. Nufarm Limited also has strong brand recognition and a diverse customer base.
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