Framlingham sees drop in turnover
FRAMLINGHAM Farmers, the East Anglian-based co-op, experienced a £600,000 drop in turnover for the year ending June 30, 2002.
It blames the smaller crop size for a 20% decrease in marketed tonnage of grains and oilseeds, to 102,000t. Marketing turnover fell £800,000 to £9.1m. But purchasing revenue was slightly up, at £32.1m.
Although the co-op is not run for profit, it generated a £15,000 pre-tax surplus, compared with £76,000 the previous year.
Members benefited from a 17% cut in fuel prices and a 10% decline in fertiliser costs, says chief executive Roger Adshead. In total, members bought £7.3m worth of agrochemicals, £6.2m of feed, £6m of fertiliser and £4.5m of fuel, he adds. *