Nufarm welcomes US Department of Agriculture approval for Nuseed

Company News

by Anna Napoli

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

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.