Poor weather sees sharp drop in Origin revenues

Origin said the total autumn and winter cropping is estimated at 1.9 million hectares, 25.8% lower than last year. File Picture: Andy Gibson.

Agri services firm Origin Enterprises have seen a 20.7% drop in revenues as persistent rainfall throughout the early part of this year reduced the winter cropping area and delayed spring planting activity.

Across their key sector of Ireland and the UK, the firm reported a 10.3% drop in revenues to €439.2m in the three months to the end of April. They said revenues were also impacted by significantly lower global feed and fertiliser raw materials pricing.