Avebe Processed 25% Less Potatoes Than in Recent Years
Avebe announced that the final campaign price would be raised from EUR70 to EUR80 per tons of potatoes, prompted by extreme drought and warm weather conditions. The price is based on “standard” potatoes with a starch content of 19%.
Due to exceptional weather conditions, the price had already been raised to EUR70 in two steps during the campaign. The cooperative also announced that it would be distributing the full cooperative result to its members. Including premiums and bonuses, Avebe is paying an average of EUR90 per tons of potatoes. Avebe will announce the performance price at the beginning of November. This price combines the cooperative result and potato revenues.
“Due to the extreme weather conditions, we processed 25% less potatoes than in recent years. That’s substantial. It meant that we had to stop potato processing in Ter Apelkanaal and in Lüchow and Dallmin in Germany earlier. By taking advantage of the opportunities in the market and making significant savings, we are trying to achieve the best possible performance price for our members,” said Bert Jansen, CEO at Avebe.
The starch content across the board was around 20%, in line with the multi-annual average.