23rd Mar 2021 17:24
Wynnstay Group PLC - agricultural supplies company - Says trading in the first four months of the new financial year to the end of October 2021 has been in line with management expectations. Farmer sentiment has continued to improve, buoyed by higher farmgate prices and greater clarity over the future direction of UK farming, following the trade agreement with the EU and the passage into law of the Agriculture Bill.
"Feed sales and sales in the Specialist Agricultural Merchanting division in the period were ahead of last year but, as expected, arable sales were down on the same period. This principally reflected lower winter cereal seed volumes, as farmers utilised the large quantities of unsown seed still on farm after last year's exceptionally poor winter planting season, and reduced grain trading volumes, after a historically low harvest," says Chair Jim McCarthy.
Current stock price: 485.00 pence, up 3.7% on Tuesday
Year-to-date change: up 44%
By Evelina Grecenko; [email protected]
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