Wave of High-Profile Judicial Reorganization Hits Brazilian Agribusiness

Brazil’s agricultural sector is grappling with a growing crisis as major input distributors seek judicial reorganization. AgroGalaxy and Portal Agro, two prominent players, have recently filed for protection against creditors, signaling deeper issues within the industry. AgroGalaxy initiated the trend on September 18, 2024, disclosing a liability of R$3.7 billion ($679 million) and US$160 million […]