XML 100 R77.htm IDEA: XBRL DOCUMENT v3.23.1
Financial risk management - Narrative (Details)
$ in Thousands, R$ in Millions
 12 Months Ended
Dec. 31, 2022
USD ($)
ARS ($)
customer
bank
Dec. 31, 2021
USD ($)
customer
bank
Dec. 31, 2020
USD ($)
Dec. 31, 2022
BRL (R$)
ARS ($)
Apr. 30, 2022
BRL (R$)
Dec. 31, 2019
USD ($)
Disclosure of major customers [line items]            
Closing foreign exchange rate 177     177    
Proportion of sales designated for hedging activities (as a percent) 10.00% 10.00%        
Gain (loss) on hedge ineffectiveness recognized in other comprehensive income $ (15,621) $ (10,565) $ (46,145)      
Reclassification adjustments on cash flow hedges for which hedged item affected profit or loss, net of tax 41,371 54,650 26,031      
Cash and cash equivalents 230,653 199,766 336,282     $ 290,276
Borrowings $ 1,007,752 $ 817,651 971,090      
Number of major banks | bank 4 4        
Gearing ratio 46.00% 44.00%   46.00%    
Banco Itaú BBA (NCR) | Brazilian Subsidiaries            
Disclosure of major customers [line items]            
Borrowings $ 3,830 $ 0   R$ 20.0    
Notional amount | R$       R$ 20.0    
Interest rate on borrowings (as a percent) 13.23%     13.23% 13.23%  
Floating interest rate | Banco Itaú BBA (NCR) | Brazilian Subsidiaries            
Disclosure of major customers [line items]            
Interest rate on borrowings (as a percent)         1.29%  
Forward contract            
Disclosure of major customers [line items]            
Notional amount $ 89,900 $ 75,900 42,200      
Bottom of range            
Disclosure of major customers [line items]            
Gearing ratio 40.00%     40.00%    
Bottom of range | Fixed interest rate | Brazilian Subsidiaries            
Disclosure of major customers [line items]            
Interest rate on borrowings (as a percent) 2.00%     2.00%    
Top of range            
Disclosure of major customers [line items]            
Gearing ratio 60.00%     60.00%    
Top of range | Fixed interest rate | Brazilian Subsidiaries            
Disclosure of major customers [line items]            
Interest rate on borrowings (as a percent) 13.23%     13.23%    
Credit risk            
Disclosure of major customers [line items]            
Number of major banks | bank 2          
Proportion of total cash deposited in major banks (as a percent) 86.00% 81.00%        
Credit risk | Crops            
Disclosure of major customers [line items]            
Proportion of sales (as a percent) 71.00% 73.00%        
Number of well-known customers | customer 34 27        
Credit risk | Ethanol            
Disclosure of major customers [line items]            
Proportion of sales (as a percent) 100.00% 100.00%        
Number of well-known customers | customer 66 39        
Credit risk | Sugar            
Disclosure of major customers [line items]            
Proportion of sales (as a percent) 100.00% 86.00%        
Number of well-known customers | customer 158 124        
Credit risk | Energy            
Disclosure of major customers [line items]            
Proportion of sales (as a percent) 94.00% 95.00%        
Number of well-known customers | customer 59 72        
Credit risk | Dairy            
Disclosure of major customers [line items]            
Proportion of sales (as a percent) 62.00% 67.00%        
Number of well-known customers | customer 53 18        
Credit risk | Rice            
Disclosure of major customers [line items]            
Proportion of sales (as a percent) 74.00% 68.00%        
Number of well-known customers | customer 79 28        
Interest rate risk            
Disclosure of major customers [line items]            
Borrowings $ 1,007,752 $ 817,651        
Interest rate risk | Itau BBA FINAME Loan            
Disclosure of major customers [line items]            
Notional amount     $ 400,000      
Interest rate risk | Itau BBA FINAME Loan Due March 2024            
Disclosure of major customers [line items]            
Notional amount | R$         R$ 20.0  
Interest rate risk | Floating interest rate            
Disclosure of major customers [line items]            
Interest rate on borrowings (as a percent)     1.85%      
Interest rate risk | Fixed interest rate            
Disclosure of major customers [line items]            
Interest rate on borrowings (as a percent)     4.24%      
Currency risk            
Disclosure of major customers [line items]            
Sensitivity analysis for types of market risk (as a percent) 10.00% 10.00%        
Argentine Peso | Currency risk | Swap contract            
Disclosure of major customers [line items]            
Gain (loss) on hedge ineffectiveness recognised in profit or loss $ (2,200) $ 2,100        
Brazilian Reais | Currency risk | Forward contract            
Disclosure of major customers [line items]            
Notional amount 4,000          
Brazilian Reais | Currency risk | Swap contract            
Disclosure of major customers [line items]            
Gain (loss) on hedge ineffectiveness recognised in profit or loss (90)          
Euro Member Countries, Euro | Currency risk | Forward contract            
Disclosure of major customers [line items]            
Notional amount 2,200          
Gain (loss) on hedge ineffectiveness recognised in profit or loss $ (160) $ 0