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United Oilseeds Profit Share

Date Added: 04/05/2011

Oilseed growers receive profit share

UNITED Oilseeds members will share a total payout of £320,000 in the company’s fifth consecutive annual profit share payment.

This latest redistribution of trading surplus takes the total amount paid back to the company’s members to £1.59 million over the last five years and is the result of the farmer owned company’s pre-tax profit of £770,000 from an annual turnover of £100.8m in the year to June 30, 2010.

“The company’s strong results are in part due to buoyant commodity markets which have seen oilseed rape prices reach record highs,” said managing director Chris Baldwin. “However, the biggest factor has been the continuing increase in trading membership.”

Some 3,200 arable farmers are now marketing their crops through United Oilseeds  compared to 1,364 five years ago. Mr Baldwin said this route to market reduced members’ risk to the effects of price volatility.

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