Partly Cloudy

Partly Cloudy

max temp: 6°C

min temp: 2°C

ESTD 1874 Search

UK: Openfield sees grain volume hit by poor harvest

11:00 09 March 2014

James Dallas of Openfield

James Dallas of Openfield

Archant

Farmer-owned grain marketing and farm inputs business Openfield Group has reported operating profits of £1.65million for the financial year to June 30. Group turnover fell 8% to £710m on the back of higher average commodity prices offset by a 16% lower volume of grain handled. The poor 2012 harvest meant export markets for UK crops disappeared. Profits before tax fell from £2.6m in 2012 to break-even in 2013, it said.

shares
Richard Jenner of OpenfieldRichard Jenner of Openfield

“The results confirm our continued progress to building a solid business that places the farmer at the heart of the grain supply chain while capturing value for our members and delivering excellent service to our supply chain customers,” said Openfield chief executive officer James Dallas.

“Never was our support for UK farmers more important than in the aftermath of one of the poorest harvests in recent times. Conscious of the difficulty many UK farmers had with their poor quality grains, Openfield determined, as a policy, to work tremendously hard to market those crops in the most advantageous way possible from a members’ perspective. This undoubtedly had a negative impact on our profitability but it is entirely consistent with our co-operative principles.”

shares

0 comments

The junior doctors strike at West Suffolk Hospital in bury.

A Suffolk hospital boss has denied supporting the imposing of a contract on junior doctors after his name appeared on the “key” letter that led to the decision.

Stock image.

A fire believed to have been caused by a mobile phone overheating under a quilt “destroyed” a bedroom in Colchester on Friday night.

Poilce investigation work at the scene of the accident on the A12 at Martlesham Heath.

A 20-month-old little girl died on Friday afternoon after a crash on the A12 in Martlesham on Thursday.

Vernon Wilkes' Rolex.

A Rolex watch bought in Canada during the Second World War could sell for double its actual worth at auction next week because of a letter from a former owner.

Former footballer Marcus Bent. Pic: Steve Parsons/PA Wire.

Former Ipswich Town footballer Marcus Bent has escaped being sent to jail as he was sentenced for confronting two officers with a meat cleaver and a kitchen knife while in a “delusional” state under the influence of cocaine.

UCS Clearing possible cover

Just a few months into their course they helped people with life-threatening conditions, unwell patients and, on one occasion, even helped to deliver a baby.

Most read

Fred Olsen Travel Sale

cover

Click here to view
the Fred Olsen
Travel Sale

View

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Great British Life

Great British Life
MyDate24 MyPhotos24