- NWF Group said trading in the winter and early spring months has been strong and that it expects its full-year outcome will be significantly ahead of current market expectations.

NWF is a specialist agricultural and distribution business.

Its Feeds division has continued to trade strongly with a focus on direct supplies to farmers across the country. The late turn out of dairy herds has caused an increase in demand for feed from our customers in combination with a sharp increase in the market demand for sheep feed. The business has continued to maintain high levels of customer service in spite of unusually high demand and the sometimes challenging delivery conditions.

Trading conditions in the Food division continues to be difficult, as anticipated and previously highlighted. Service levels have been maintained at very high levels, whilst the division looks to mitigate the current market conditions.

The Fuel division has benefited from continued high levels of demand for heating oil through the prolonged severe winter period. A focus on customer service and the flexibility of our depot based model has allowed the business to meet customers' requirements. Recent falls in oil prices across all fuel categories have also helped support margins.

At 9:07am: [LON:NWF] N.W.F. share price was +10.5p at 129p

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