Herk-de-Stad-based Limburgse Tuinbouw Veiling (LTV) was officially declared bankrupt by the Hasselt court last week. The cooperative, with around 50 active members, had reportedly been facing financial difficulties for some time, recording a loss of €3.8 million on a sharply reduced turnover in 2023. It is now clear that the last fruit auction in Limburg is coming to an end. “The curtain has come down on LTV, the last independent fruit auction in Limburg. We were not able to turn the tide,” said CEO Maarten Lauwens, who had been in post since last year.
Operations had already been winding down since last year, with growers and staff often going unpaid for months, writes VILT. Several growers claim they are still owed…