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    Larissa Pérez • JPMorgan Chase & Co.

    Larissa Pérez's questions to Adecoagro SA (AGRO) leadership

    Larissa Pérez's questions to Adecoagro SA (AGRO) leadership • Q4 2024

    Question

    Larissa Perez from JPMorgan Chase & Co. asked for expectations on margins for the Sugar and Ethanol division in 2025, requesting more detail on key cost components beyond the price of sugarcane.

    Answer

    Executive Renato Pereira projected that 2025 production costs would be similar to the prior year in BRL terms but approximately 5% lower in USD terms. He detailed that rising labor and leasing costs would likely be offset by decreasing prices for crop protection inputs, resulting in a relatively stable cost structure.

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    Larissa Pérez's questions to Adecoagro SA (AGRO) leadership • Q3 2024

    Question

    Larissa Pérez submitted a question concerning agricultural yields and crop mix in Argentina, which was addressed in the response to a previous analyst's query.

    Answer

    Executive Mariano Bosch's earlier comments addressed this topic. He confirmed expectations for improved year-over-year yields and detailed a strategic crop mix shift. The company is increasing soybean and sunflower cultivation while significantly expanding its peanut operations to capitalize on strong European demand and pricing. He also noted that the integrated rice business continues to perform well due to specialized genetics and processing capabilities.

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