A tough time for farming, which has seen milk sold below the cost of production, has filtered down to agriculture supplies company Wynnstay (WYN). The impact of price deflation on its farming customers meant they sought to spend less, which contributed to the 12 per cent drop in operating profit to £7.4m. Feed volumes in its agriculture division were down slightly as some farmers opted to mix their own feed rather than buying the higher priced pre-mixed compound feed, resulting in some pressure on margins.
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