UNITED Oilseeds has announced a record profit share pay-out of £340,000 for its growers.

The re-distribution of trading surplus takes the total amount paid back to the company’s members to nearly £1m over the past three years.

During the same period, United Oilseeds’ share of the UK market has continued to grow, with fixed price traded volumes increasing by 192 per cent and membership doubling to 3,100.

Chris Baldwin, managing director of the farmer-owned co-operative, said: “United Oilseeds has continued to grow its share of the UK oilseed market despite facing huge levels of market volatility.

“Our pool pricing mechanism has performed exceptionally well and we have once again paid the industry’s highest pool prices.

“We have also maintained a 25 per cent share of oilseed rape seed sales in the UK, and have added a number of exciting new autumn varieties, including Vision, DK Cabernet, Eiffel and Emerson to our ever expanding seed portfolio.”