
Adecoagro reported nine-month adjusted EBITDA of $471.8 million, up 24.8%, with fertilizer sales offsetting lower sugar revenue. Net debt rose to $1.8 billion after paying $136 million for the Caarap3 mill acquisition.
Urea sales and realized prices both increased year on year.
Higher urea realized prices and strong fertilizer demand ahead of planting point to tight nitrogen supply conditions in South America. Sugar and ethanol softness is a secondary factor for feed buyers.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.