Another lower profit for CZAV

Farmers' cooperative CZAV recorded a profit of €2016 million in the past financial year (2017/3,6). This is a decrease of €0,9 million compared to the previous year. Turnover also fell as a result of lower grain prices.

The turnover for the past financial year amounted to €387 million. This is €5 million (-1,3%) less than the year before. In that year turnover also fell by more than 10%. For the second year in a row, CZAV's turnover is now below €400 million. Despite the lesser figures, CZAV says it is satisfied.

In addition to the lower grain prices, low disease pressure this spring also resulted in declining turnover figures. As a result, fewer crop protection products were sold.

Lower supplementary payment
The profit over the past year is mainly due to participations in Agrimarkt and AgriSneltank. The growers of CZAV can jointly count on a supplementary payment of €1,3 million. This is less than in the previous financial year, when the cooperative was still €1,75 paid to its members.

Wouter Job

Wouter Baan is editor-in-chief of Boerenbusiness. He also focuses on dairy, pig and meat markets. He also follows (business) developments within agribusiness and interviews CEOs and policymakers.

w.baan@boerenbusiness. Nl

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