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NWF’s fuel supply makes up for rising feed costs
Agricultural supplier NWF (NWF:AIM) has been hit by rising costs of feeds although offset this by growing its fuel supply business.
The company had invested in new fuel depots in the South East which exceeded expectations in the first year of operating. As its feed division buys its raw materials under forward purchase contracts, increases in prices impacted margins as the company was not able to fully pass on these increases.