I've got no idea newB. What i do know is that every continent will have floods, fires or drought if not all three every year. I just don't like hearing it rolled out as an legitimate excuse for every market always, though I do acknowledge its effects. It is essentially an agricultural business and everyone in that industry deals with whatever is thrown at them, you get the good and the bad seasons. You won't hear management say we didn't really do anything, that the good results are due to weather when favourable weather rolls around. You can not have your cake and eat it too.
I bought this stock for the omega-3 exposure alone. Facts are that Omega-3 demand is rising while wild resources are diminishing and being used far above sustainable rates in the large majority of fisheries globally. Population growth is just adding to a problem that had no solution in sight. The opportunity for Nufarm's canola being used in aquaculture feed alone is mind boggling and I think much of the the world has yet to realise this reality.
I'll be holding and waiting patiently for more news on Omega-3.
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