Dairy Co-operative Arla To Pay Entire 2018 Profit To Drought-Hit Farmers
Farmers' cooperative Arla Foods, one of the world's biggest dairy firms, plans to pay out its entire 2018 net profit of up to €310 million ($363 million) to its members after one of the hottest and driest summers on record.
The firm, owned by 11,200 farmers in Denmark, Sweden, Germany, Britain, Luxembourg, the Netherlands and Belgium, traditionally pays only a part of its profit to owners, but said it would make an exception this year due to the drought.
Impact Of Drought
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!