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Coamo will distribute BRL 220 million in advance “leftovers” to cooperative members

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The amount is based on the movement of each cooperative member in the delivery of agricultural production and in the supply of inputs in the cooperative (Image: Pixabay/DESPIERRES)

Coamo Agroindustrial, one of the largest cooperatives in the sector, announced this Friday that it will distribute 220 million reais in anticipated profits, called “leftovers” by the unit, to more than 30,000 members, according to a statement.

The amount is based on the movement of each cooperative member in the delivery of agricultural production and in the supply of inputs in the cooperative.

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0.80 reais will be advanced for the Soy0.30 reais for the corn0.30 real for wheat and 1.80% for inputs withdrawn until November 20.

Payment will be made simultaneously at all Coamo units in the States of Paraná🇧🇷 Santa Catarina and Mato Grosso do Sul🇧🇷

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The chairman of the board of directors of Coamo, José Aroldo Gallassini, said in a note that “220 million reais in advance is a very significant amount and there is still the remainder, which represents most of the surplus, which will be paid in February 2023 ”.

Source: Moneytimes

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