Lower prices make for ‘difficult’ Q1 at NWF
CHESHIRE-based food, fuels and agricultural feed business NWF, said it is on track despite higher commodity prices squeezing margins.
In an AGM statement the firm described the first quarter as "difficult" but said the group, based near Nantwich, remained broadly in line with management expectations.
Chairman Mark Hudson said feed volumes were robust but margins have been hit by significant price reductions in the commodity markets and the announcement of the recent reductions in milk prices across the UK.
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