Profits at UK Cumbria -based Carr’s Milling Industries have soared for the eight consecutive year, despite difficulties in UK farming.
Increase in wheat prices
The three joint venture feed companies established
by Carr’s in 2006 – Afgritech in England, Bibby Agriculture in Wales and
Crystalyx Products in Germany – had started well, said chairman Richard
Inglewood. But low milk prices would continue to impact on fertiliser and
compound feed sales. He added that the company’s food arm was facing a difficult
year. “As predicted, the massive increase in wheat prices, combined with high
energy costs, will make it a tough year for food,” he
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