AVEBE pays out full result to its starch potato growers and increases advance

Bert Jansen, Chairman of the board at Avebe UA

September 23, 2018

Source

Avebe

Dutch potato starch manufacterer Avebe has announced that the advance payment for potatoes delivered is being increased to 67 euros a tonne and that the full result of the cooperative will go to the members.

This was decided by the board of directors and has since been discussed with the Members Council.

These measures have been taken to mitigate the impact of the extreme drought and high temperatures, which will have a serious impact on the members and the company alike.

Last week, the board of directors and the Members Council of Cooperative Avebe held intensive talks on the implications of the extreme drought and high temperatures, which will have a serious impact on the members and the company alike.

The cooperative has decided to increase with immediate effect the current advance payment for potatoes delivered in the 2018 campaign. The advance is 67 euros per tonne with 19% starch. This makes the advance more than 17% higher than last year. Avebe will bear the loading and transport costs as usual.

Avebe headquarters in Veendam, the Netherlands

The cooperative’s board of directors indicates that it has looked for ways of supporting its members while maintaining its cooperative principles.

Bert Jansen, chairman of the board:

“We want to treat all of our members equally without taking any hostages to fortune.”

“We are therefore taking a well-considered approach that does justice to this year’s situation and is in line with Avebe’s strategic course in which we are working towards a step-by-step increase in the performance price.”