News: NUF Nufarm Declares Unfranked Interim Dividend Of 5 AU Cents Per Share, page-3

Europe finally performing after their big investment there. The seeds business is looking great. Wonder how the seeds seasonality will play out in the next half - they have the deal with BP! The reco from Norway should carry a lot of weight - they would have carefully analysed the product. They already put orange colouring into Salmon and people (even me) still buy it. I've got some NZK shares - this could really be a boon to Salmon farming margins. If we are very very lucky it might slow down the amount of illegal Chinese drag-net fishing too eventually, if there is an alternative source of omega, as most of what is caught is ground into meal.

https://norwegianscitechnews.com/20...ewer-wild-fish-lead-to-an-omega-3-supply-gap/ - an old article on the problem.


Comments on seeds:
Underlying EBITDA of $62 million was up 34% on the prior comparative period. The strong segment result represents
broad based growth across the seed technology platforms.
In February 2022, we entered into a strategic ten-year offtake and market development agreement with bp that will see
bp, or its affiliates, purchase Nuseed Carinata Oil that it plans to process or sell into growing markets. In January 2023,
seed technologies delivered its first shipment of carinata grain to be processed prior to delivery of carinata oil to bp
under this agreement. The agreement enables our patented hybrid carinata to be used as a sustainable lower-carbon
feedstock in the production of emissions reducing fuels of the future. It also supports significant expansion and the
generation of high economic returns on investment in respect of our carinata assets and its continued development.
In April 2023, the Norwegian Scientific Committee for Food and Environment recommended allowing Seed
Technologies’ patented Omega3 Canola to be used as part of the feedstock mix for the Norwegian aquaculture market.
Public consultations on the subject have closed with final recommendations expected within calendar year 2023. The
Norwegian aquaculture market represents the largest in the world and therefore this presents a significant opportunity.