The first half of the LATRAPS 2025–2026 financial year concluded with stable operating results, reaching a turnover of EUR 151.78 million and generating a profit of EUR 4.55 million, slightly exceeding last year’s figures. During the reporting period, the cooperative continued to improve its infrastructure, strengthen support for its members, and implement strategic development projects that will ensure competitiveness in the future.
“During the reporting period, we have made strategic decisions that will enable us to strengthen the cooperative's operations - both by successfully implementing changes related to principal activities, and by investing in infrastructure and developing digital solutions. The wet season once again confirmed how important modern storage and drying capacities are, which is why we continue to improve regional grain pre-processing complexes. At the same time, we are expanding export markets, learning on our own and offering to overtake data-driven knowledge to member farms, as well as strengthening risk management tools that give farmers security in unstable conditions. We are especially proud of the introduction of the new transport application Strops – it is an innovation that will help streamline logistics and create new opportunities for both carriers as well as farmers. This period has once again proven the power and professionalism of the LATRAPS team, which allows us to be a reliable partner for Latvian farmers and build a solid foundation for the future of the industry,” says Roberts Strīpnieks, Chairman of the Board of LATRAPS.
Grain market activity remained intensive, with exports delivered to more than 20 countries, including Thailand for the first time, and a total of 29 vessels loaded. Approximately one quarter of the production supplied by LATRAPS members remained in Latvia, meeting the needs of local processing companies.
To reduce weather-related risks, the cooperative continues to develop grain pre-processing infrastructure. During the reporting period, modernization works were launched in Jaunpagasts, Jēkabpils, and Aizkraukle, with 40% co-financing from EU funds, amounting to EUR 1.69 million.
An important step in strengthening risk management has been the cooperation with Vereinigte Hagel, which enabled members to insure crops worth EUR 72 million.
During the reporting period, work was also completed on the new logistics application Strops, which has already attracted more than 100 carriers. It provides an opportunity for not only professional transport companies but also farmers to participate in the logistics process, significantly improving the efficiency of grain transportation. Further expansion of the application’s functionality is planned for the future.