Leafield Feeds

Sterling fall reduces ForFarmers UK profit

Feed manufacturer ForFarmers has reported lower profitability, revenues and product volumes from the UK market in 2016, as lower ruminant and pig feed demand and product values more than offset an increase in its poultry business.  At group level, product volumes and profitability were up, although the latter was affected by the devaluation of sterling since the June referendum n the UK, but revenues were also down.

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ForFarmers restructuring its UK operations

European feed manufacturer ForFarmers has reported a fall in profitability and revenues from its UK operations, despite increased profit on lower sales at Group level. The domestic operation is being reorganised and refocused in a restructure that will continue until the end of 2017. 

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