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Agro-food cooperatives in Spain increase their revenue and generate more employment

In the General Assembly of Cooperativas Agro-alimentarias de España, held last week, the president of the organization, Ángel Villafranca, highlighted the data published by the Socioeconomic Observatory of Agri-Food Cooperatives (OSCAE). The report issued by this entity shows that Spanish cooperatives continue to show a positive general trend, increasing their turnover by 9.6% over the previous year, reaching almost 34,000 million Euro. They have also generated 102,000 direct jobs.

According to Villafranca, these figures confirm "the key role of cooperatives within the framework of the Spanish agro-food sector, as they already account for 67% of the value of the Final Agricultural Production, and 29% of the value of the net sales of the Spanish Food Industry (IAA)."

Also worthy of note is the "drop in the number of cooperatives (down by 8% since 2006), while the turnover has increased by 56% in the same period, which shows the efforts made to obtain a greater added value," say sources from CCAE.

"The OSCAE confirmed that cooperatives have increased their turnover in foreign markets by 5.5%. This is especially the case for large cooperatives, which reinforces the importance of commercial integration as a way to become more competitive in foreign markets."

Source: laverdad.es


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