Agri services group Origin Enterprises has reported revenue of €307m for the three months to the end of October, its first financial quarter.
In a trading statement, the company said that was down 12.5% on the same time last year, mainly due to lower global fertiliser and feed prices.
The first quarter is traditionally quiet for the company which said today that it expects full year earnings to be in line with 2013.
Origin said that "near perfect" conditions in the UK on-farm operations supported a return to normal winter cropping patterns, compared to the same time last year when crop drillings were lower due to the very unseasonal wet autumn weather.
The company said that current estimates indicate a total wheat area of about 2 million hectares, up 23% on last year. But oil seed plantings are estimated to fall by about 15% to about 640,000 hectares, mainly due to the impact of rotational disruption.
"Crops in general are well established and in excellent condition with the overall profile providing a strong foundation for the full year result," the company said in today's trading statement.
Origin said its consumer foods interest Valeo Foods saw a solid performance in an "intensely competitive trading environment".