Nufarm (ASX:NUF) has welcomed an announcement by the United States Department of Agriculture (USDA) that it has deregulated Nuseed’s proprietary omega-3 canola for cultivation in the US.
Nuseed’s omega-3 canola secured authorization for cultivation, food and feed from Australian authorities earlier this year.
Nuseed is the world’s first plant-based source of long chain omega-3 fatty acids.
Managing Director and CEO, Greg Hunt says the approval represents another very significant milestone in the development and commercialisation of this important new product.
Shares in Nufarm (ASX:NUF) are trading is trading 0.22 per cent higher to $6.88