Nufarm announces glyphosate suspension overturned

Company News

by Anna Napoli

Nufarm (ASX:NUF) has confirmed that the Brazilian court has now overturned an earlier ruling that had suspended the sale of the products containing glyphosate in Brazil.

The suspension had been due to come into effect this week.

On Monday the regional Federal Court of 1st region in Brasillia cancelled the suspension without conditions following discussions with the Ministry of Agriculture.

The decision will enable Nufarm to continue to sell glyphosate for use in the upcoming Brazillian soybean planting season.

Shares in Nufarm (ASX:NUF) is trading 3.26 per cent higher to $7.13

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.