Agriservices group estimates 8.5% fall in Irish winter and spring cropping amid ‘persistent rainfall’
Persistent rainfall during the winter and spring made it difficult for farmers to sow crops and yields are expected to fall sharply this year, Origin Enterprises said. Photograph: Alan Betson / The Irish Times
A continuation of poor weather in the three months to the end of April coupled with the ongoing decline in feed and fertiliser prices globally have seen revenues at Irish agriservices group Origin Enterprises fall by more than one-fifth in its current financial year. On Thursday, the Dublin-listed group, which supplies on-farm services, crop technologies and inputs – including feeds and fertilisers – to farmers, said sales reached €1.5 billion in the nine-month period to the end of April. The figure reflects an 5.7 per cent increase in sales volumes compared with the same period last year, Origin said, but one which was “more than offset by significantly lower feed and fertiliser” pricing.
Overall, group revenues slumped by 20.7 per cent compared with its first three quarters last year, it said in a trading update. Origin estimates that total autumn and winter cropping in Ireland at around 1.9 million hectares this year, 25.8 per cent lower than last year amid “persistent rainfall” during the winter months. As a consequence, spring and winter plantings are expected to 8.5 per cent lower than last year, resulting in lower volumes for Origin’s on-farm agronomy services business.
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