NWF expects record year

Agricultural supplier, NWF Group, said it expects a record year, driven by high commodity prices and an unusually cold winter.The company said it expects to be significantly ahead of its prior expectations of performance to the end of May 2011, when it reports full year figures.The firm said profit in its feeds division had benefitted from unprecedented increases in commodity markets, which it did not expect to be repeated. The success of its fuels division was driven by the cold winter period, though some of the benefit derived from the extreme cold spell was offset by an unusually warm April, the firm said.Chief executive, Richard Whiting, said: "The continued strength of the group delivers an effective platform for continued development and we look forward with confidence".The group will announce its preliminary results for the year to 31 May 2011 in early August.