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United Oilseeds Annual Profit Redistribution

Date Added: 14/08/2012

Sixth consecutive annual profit redistribution for oilseed growers

 

 

Oilseed rape growers will receive a profit redistribution of £266,000 for year end 30 June 2011, following another successful year of trading by United Oilseeds, the UK's only specialist oilseed rape marketing company.

The redistribution of trading surplus takes the total amount paid back to the company's trading members to £1.86 million over the last six years.

United Oilseeds' share of the UK market continues to grow with fixed price traded volumes to June 2012 increasing by 47.3% year on year.

Chris Baldwin, managing director, said, "We are delighted to be in a position that enables us to make a sixth consecutive annual profit share redistribution to our trading members."

"Despite high levels of market volatility, United Oilseeds has continued to grow its share of UK and overseas oilseed markets, whilst its pools marketing service has again achieved the best results in the sector with the Long Pool paying £375 / tonne plus bonuses, for harvest 2011.

"We also have a 25% share of oilseed rape seed sales in the UK, driven by an expanding seed portfolio that offers growers the highest performing conventional and hybrid OSR varieties: DK Camelot, DK Cabernet, Compass and PR46W21."

Mr Baldwin added that "As a farmer owned co-operative, our key aim is to improve our members' profitability. This year's redistribution again shows that, despite challenging trading conditions, we are delivering against that objective and providing our members with outstanding value."

-Ends-

Notes to editors:

  • United Oilseeds is the UK's only specialised oilseed rape marketing company
  • United Oilseeds is a farmer owned co-operative with a clear purpose to continually improve the profitability of its members by providing an independent, cost effective marketing service.
  • United Oilseeds has 3,400 trading members who trade their crops and purchase seed via the company.
  • Farmers can join United Oilseeds as lifetime members for a one-off fee of £15.


For further information, please contact:

Chris Baldwin - Managing Director, United Oilseeds
Office: 01380 729 200


Issued by:

Edward Meadows
United Oilseeds
T: 01380 729 200
M: 07500 224 137
EdwardM@unitedoilseeds.co.uk

 

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