Europe, UK, Ireland, Processing, fries, chips

Avebe achieved record performance price

In the 2017/2018 financial year, which ended on 31 July 2018, Avebe achieved a performance price of 85.81 Euros. That is another record and more than 4% higher than the performance price of the previous financial year.

The performance price is the cooperative’s most important financial indicator, as it combines the cooperative result and the potato price.

The cooperative result amounted to 7.8 million Euros, which is around 1.5 million Euros more than the year before. A subsequent payment of nearly 2.9 million Euros to the members will be proposed at the members’ council meeting in December. This makes the payment ratio 98%.

The positive result is based on a good volume, good production results and favourable developments in the market. In food derivatives, which are special starches that are used in food, there were particularly strong developments. The production and sales of Avebe’s potato protein also demonstrated a positive trend.

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