Nufarm (ASX:NUF) said it expects to achieve AU$100 million in its omega-3 canola product in the fiscal year ending June 30, subject to market pricing, according to a Tuesday Australian bourse filing.
It said its plans to plant carinata in South America for its 2025 crop are well advanced and its cost-saving and inventory reduction measures, announced earlier, are on track.
The crop protection and seed technology firm plans to conduct up-sized commercial trials in Australia for carinata plants this year.
It expects its net working capital in the first half of fiscal 2025 to be "marginally higher" than the prior year, due to additional working capital for its omega-3 platform and movements in currency.
It also identified AU$50 million of annualized cost savings.
Its shares rose 4% in recent trading on Tuesday.
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