Wessex Grain profits beat five-year average

Wessex Grain’s profits came in at over £150,000 last year, significantly ahead of the company’s five-year average.

Having upped the total volume of crop it shifted by more than 20%, the firm managed to achieve similar turnover as the previous year, despite lower overall market prices.

The West Country grain trader has clarified its position on its future direction, selling off its 50% stake in renewables business Farmergy and withdrawing funding for the Green Spirit Fuels bioethanol project at Henstridge in Somerset. It says this will allow it to concentrate on its core activities of commodity storage and trading.