- NWF Group has reported that it is continuing to trade in line with management expectations.

It has also said that debt is in line with expectations, reflecting usual seasonal fluctuations.

Chairman, Mark Hudson, commented: "Feeds has managed effectively the increases in commodity costs caused by poor harvests by implementing necessary price increases and working closely with farmers who are facing tough market conditions.

"Much publicised milk price reductions planned for August 2012 by dairies were withdrawn and the limited increases now being announced are giving some relief to farmers. In food, the focus continues to be a drive for greater efficiencies enabled by new systems and processes.

"In addition we continue to target new storage customers and develop business for the repacking operation. Service levels have benefited from new systems and have been maintained in excess of 99.5% on time and in full.

"The fuels business performed as planned across the summer months whilst the price of Brent crude has been in the range $91 per barrel to $115 per barrel since the period end and remains volatile."

At 10:08am: [LON:NWF] N.W.F. share price was +1p at 89p

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