Grupo Los Grobo’s financial unraveling began in December 2024, with court filings confirming the agroindustrial titan owes creditors $207 million, including $51.75 million due by mid-2025. The company’s subsidiaries—Los Grobo Agropecuaria and agrochemical firm Agrofina—defaulted on bank loans, triggering collateral seizures on grain stocks and processing plants. The downfall underscores Argentina’s agri-finance reckoning. Lenders kept extending risky credit despite warnings about Los Grobo’s cash flow and debt structure. Export tax cuts on soy, corn, and wheat offered minimal relief. Analysts note dollarized input costs and high inflation still strangle producers.
February 4 , 2025
SOURCE: RIO TIMES
Los Grobo: Argentine Ag Giant Falls Under $207M Debt, Reveals Farm Sector Risks