C.Vale increases surplus to members by 40%

At a time when most rural producers are calculating the size of the soybean harvest due to drought, C.Vale will pass on R$129,5 million in surplus, interest and return of capital to its members. The value is almost 40% higher than that distributed at the beginning of 2021. For those whose plantations were affected by the drought, the resources will help cover harvest expenses and the implementation of safrinha corn crops.

The payment of surpluses was approved at a meeting, with a reduced audience due to the coronavirus pandemic, on January 28th. The president of C.Vale, Alfredo Lang, explained to the members present at Asfuca de Palotina (PR) that the rise in dollar exchange rates made a great contribution to business profitability and also favored the growth of revenue in 2021. The cooperative's total revenue reached R$17,44 billion, an increase of 42,21% over 2020.

C.Vale's good performance was also driven by the 15,67% increase in soybean receipts in 2021, which ended up compensating for the reduction in corn volume caused by drought and frost last year. In total, the cooperative received 4,7 million tons of products, equivalent to 78,5 million 60-kilo bags.

Industries accounted for almost 25% of C.Vale's total revenue, with revenues of R$4,29 billion. In the chicken segment, the cooperative exported 66,76% of the 378 thousand tons of meat produced in 2021.

Lang said that “good results give members confidence to negotiate with a solid company and guarantee the cooperative the support it needs for new investments”. He recalled that, last year, C.Vale incorporated Cooatol, from Toledo (PR), and began work on the soybean crushing industry, an investment of more than R$650 million that should come into operation by the end of 2023.

For Lang, the year 2022 will require great doses of caution and planning for both the cooperative and producers due to the high cost of inputs and crop failures.

Fiscal Council

The ordinary general meeting approved and swore in the new C.Vale Fiscal Council for 2022. Ari Patel, Beno Zanon and Volmar Hendges took over as effective councilors and Antônio José de Moura, Orival Betinelli and Wilson Costa as substitutes.