C.Vale announces growth of 7,62% in revenue and distribution of leftovers

C.Vale announced a 7,62% increase in its revenue, which reached R$24,42 billion in 2023. Despite the challenges faced, such as crop failures and a drop in grain and meat prices, the cooperative will distribute R$ 120 million in surplus to its members. This value represents an increase of 7% compared to the previous year and includes, for the first time, the refund of ICMS from the soybean crusher, totaling R$8,36 million. Distribution of leftovers will begin on February 5th.

With regard to grain production, C.Vale reported receiving more than 50 million bags of soybeans and almost 46 million bags of corn in 2023. For 2024, the cooperative plans to start operations at the soybean crusher and expand its feed factory, part of the agro-industrial complex. This movement indicates a continued effort to strengthen its position in the market, despite the challenges faced in the previous year.