Gustavo Troiano's questions to Adecoagro SA (AGRO) leadership • Q2 2025
Question
Gustavo Troiano of Itau BBA asked about the key drivers for the expected acceleration in sugarcane crushing for the second half of 2025 and the potential triggers for higher sugar prices. He also inquired about the company's timing for initiating hedging commitments for the 2026 season.
Answer
Renato Junquera Pereira, Sugar, Ethanol and Energy VP, explained that strong crushing volumes in July and August are keeping the company on track to meet its full-year forecast despite earlier weather challenges. He expressed optimism for both ethanol and sugar prices, citing strong ethanol demand and lower-than-expected Brazilian sugar production as factors that should create favorable hedging opportunities for the remainder of the current season and for 2026.