Agricultural firm Carr’s Milling has announced it expects to post year-on-year profits following increased demand for animal feed.
Carr’s is currently performing ahead of market expectations in its third quarter and this would translate into full year profits.
The firm confirmed that one driver behind the company’s growth was high animal feed sales.
It said in a statement: “The group had a strong third quarter trading performance with animal feed and fuel oils benefiting from the prolonged cold winter.
“The long and severe winter also depleted farmers’ forage supplies and, in the spring, our grassland fertiliser products were in demand.”
The news will be welcomed by industry officials as animal feed machinery could also be in demand as production rises.
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Carr’s announced pre-tax profits of £5.3 million in the six months to February 27th. It is expected to begin constructing an animal feed plant in the US within the next few months.
Typical Guttridge equipment used in the animal feed industry includes; conveyors – screw conveyors – chain conveyors – belt conveyors
