Carlos Antonio's questions to AGRO3.SA leadership • FY 2024
Question
Carlos Antonio's question, relayed by the operator, noted that the company's current commodity hedge position is lower than at the same time last year and asked if this reflects a strategic bet on a future price recovery.
Answer
CEO André Guillaumon confirmed the lower hedge position was a strategic choice. He explained the company focused on the interplay between Chicago prices, which they expected to fall, and Brazilian premiums, which they expected to rise. This strategy has proven effective, and they are now monitoring market volatility and the high exchange rate to optimize the average selling price for the remainder of the harvest.