At the session of the Parliamentary Committee on Agriculture, devoted to the issue of the grain terminal, critical words were made by Members of the current ruling coalition at Elewarr, the state-owned cereal trading and retention company. Of course, the level of financial failure for the financial year 2022/23 is causing a stir. However, from the course of the discussion, it is clear that Members, politicians have not understood anything and are not aware of the situation in which the Company is presently in. But let's follow the agricultural portals, any of the claims:
If Elewarr were to export grain, he might have a loss, but she would be acceptable.
Elewarr has only 10% usage of retention space, and inactive generated 120 million losses for last year. We'll most likely gotta mention the case to the D.A. and see who's liable for this.
rotation should be at least twice.
As we learn 10% of the usage of warehouse space is false information, and PLN 120 million in financial failure includes not only Elewarr (less than PLN 95 million) but besides Zamojskie Zakłady Zbożowe.
A completely different diagnosis is presented by erstwhile president of Elewarru Daniel Alain Korona, author of the Company's financial successes in 2018-22, and present a typical of the “Koron” Agricultural Union. For News moving Salon24.pl stated: The problem of the Company is that it is politicians who want to decide how many times Elewarr is to turn grain, what and at what price to buy, how many to export, etc. I hear about the request for multiple rotations of cereals, regardless of the economical bill. They want to impose political targets, only that the Company has to pay, not the State. And Elewarr does not receive any state subsidies.
In an interview with Wrp.pl the Crown clearly indicates that politicians request to stay distant from Elewarr. No announcement by them of acquisition prices, no treatment of Elewarr as an intervention purchasing agency. Since the intervention there are EU procedures, there is simply a certain price to be revised at EU level, there is simply a NCO, it is not Elewarr to replace the intervention mechanism. The company does not have financial opportunities for any broad intervention, it is not subsidised by the State Treasury. If Elevarr is to execute intervention functions, then the Treasury should give money for it. Then, go ahead. Today, however, Elewarr functions on the basis of its own funds and buy-in credit, which must be repaid.
We request to change the philosophy, return to the 1 I tried to apply as there were restrictions in my time. Elewarru's goal is profit, not doing good for the KGB, for politicians, for everyone, but not for himself. The Commercial Companies Code states that the management of the company, its broad management, is to act in the interests of the company. And unfortunately, everyone thinks Elevarr is from gathering their expectations, and the Company, well, it's going to be. Well, it won't, and that's what we see.
In the meantime, the price of cereals is bad and it is highly likely that Elewarr will endure another failure and liquidity problems cannot be excluded. For many, the Company's only chance is to put it on the board – Daniel Alain Korona, who each year closed with a affirmative financial consequence (3 times the net profit evidence of the Company, 2007, 2020/21 and 2021/22)
But can the rulers afford to give the fallen Are the companies in the hands of an independent president associated with the agricultural union or will they like to appoint political denominations?
We'll shortly find out...
