Cypfruvex to Begin Product Payments from April 17th
Cyprus Fruit and Vegetable “Cypfruvex” Management Ltd. has announced that payments for the products purchased from citrus producers during the 2022-2023 season will begin on Monday, April 17th. The company has stated that all producer receivables for white and red grapefruit, port, jaffa orange, and mandoramandalin will start to be paid on this day as well.
Moreover, as of Tuesday, April 18th, the company will pay 30 percent of the total amount of products purchased against contracts from producers in Valencia packaging export quality. Then, on Wednesday, April 19th, payments will be made to contractors, transporters, and domestic and foreign market stakeholders.
This announcement is critical for farmers who rely on timely payments to manage their businesses. The timely payment of producers is essential for the sustainable development of the agricultural sector in Cyprus. The consistency of payments helps maintain trust between producers and buyers while encouraging increased productivity and quality standards.
Cypfruvex is well known for its commitment to quality, and this announcement demonstrates its dedication to supporting the local citrus industry. As a result, Cyprus’ agricultural sector is expected to grow and flourish, providing high-quality products to both domestic and foreign markets.
In conclusion, timely payments will give producers the financial flexibility they need to plan and invest in their businesses while ensuring a stable supply of quality citrus products. This announcement from Cypfruvex is an excellent indicator of the company’s dedication to its vendors and to the growth of the agricultural sector in Cyprus.
