ForFarmers increased quarterly compound feed sales

For the third quarter of the fiscal year, the Netherlands-based feed group is reporting year-on-year improvements in sales volume and turnover due to organic growth and acquisitions. However, higher operating costs hit the bottom line for the latest three-month period.

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Solid progress was made by the ForFarmers group, according to CEO Pieter Wolleswinkel in the latest financial report on the third quarter of the current year.

Compared with the same period a year ago, total volumes and compound feed sold have increased. However, he highlighted the higher costs faced by the business in the reporting period, particularly for fuel and logistics. Low river levels in Europe during the summer months curtailed deliveries of raw materials to the group’s operations, according to Wolleswinkel, although alternative routes were used to supply customers without interruption.

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