Monsanto Company (NYSE: MON) announced today that it is terminating Nufarm as its exclusive distributor for Roundup® agricultural herbicide products in Australia and New Zealand later this year.
Monsanto attributed the decision to changes in the glyphosate market in recent years and better alternatives to serve its customers in Australia and New Zealand. Monsanto will name a new distributor for Australia and New Zealand in the near future and Roundup product sales will continue without disruption in the marketplace.
Monsanto noted it has a continuing strong relationship with Nufarm. Other contracts between the companies continue, with Nufarm continuing to serve as Monsanto’s exclusive distributor for Roundup products in Indonesia.
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About Monsanto Company:
Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality. Monsanto remains focused on enabling both small-holder and large-scale farmers to produce more from their land while conserving more of our world’s natural resources such as water and energy. To learn more about our business and our commitments, please visit: www.monsanto.com or www.monsanto.com.au in Australia.