XML 39 R13.htm IDEA: XBRL DOCUMENT v3.25.1
Revenue
 12 Months Ended
Dec. 31, 2024
Disclosure of disaggregation of revenue from contracts with customers [abstract]  
Revenue Revenue
 202420232022
Manufactured products and services rendered:   
Ethanol265,154 247,008 387,124 
Sugar391,738 419,858 188,769 
Energy (*)
37,029 35,985 34,919 
Peanut59,310 63,646 63,041 
Sunflower7,621 8,301 14,948 
Cotton3,893 8,383 6,780 
Rice (*)
224,398 199,746 188,263 
Fluid milk (UHT)136,699 74,402 76,596 
Powder milk (*)
55,552 43,958 84,257 
Other diary products (*)
77,589 35,385 37,648 
Services10,887 6,080 10,987 
Rental income2,831 1,210 841 
Others45,641 43,436 24,199 
 1,318,342 1,187,398 1,118,372 
Agricultural produce and biological assets:   
Soybean79,445 42,610 81,757 
Corn56,125 22,490 71,188 
Wheat22,942 7,984 19,915 
Sunflower3,148 7,095 9,885 
Barley2,578 2,826 4,175 
Seeds4,328 428 1,940 
Raw milk9,383 15,081 21,623 
Cattle5,765 3,542 5,039 
Cattle for dairy13,700 6,718 7,543 
Others3,151 2,699 6,287 
200,565 111,473 229,352 
Total revenue1,518,907 1,298,871 1,347,724 
(*) Includes sales of mwh of energy and tons rice products produced by third parties for an amount of US$3.2 million, and US$0.7 million respectively (December 31, 2023: sales of mwh of energy, tons rice and powder milk US$2.4 million, US$22.3 million and US$0.8 million, respectively and December 31, 2022: sales of mwh of energy, tons rice and butter US$2.3 million, US$0.9 million and US$1.3 million, respectively).

Commitments to sell commodities at a future date
 
The Group entered into contracts to sell non-financial instruments, mainly sugar, soybean and corn through sales forward contracts. Those contracts are held for purposes of delivery of the non-financial instrument in accordance with the Group’s expected sales. Accordingly, as the own use exception criteria are met, those contracts are not recorded as derivatives.
 
The notional amount of these contracts is US$67.5 million as of December 31, 2024 (2023: US$73.5 million; 2022: US$89.9 million) and comprised primarily of 9,314 thousand tons of sugar (US$ 4.5 million), 8,975 thousand m3 of ethanol (US$4.5 million), 555,744 thousand mwh of energy (US$21.2 million), 68,408 thousand tons of soybean (US$20.5 million), 17,183 thousand tons of wheat (US$3.8 million), and 47,414 thousand tons of corn (US$8.5 million) which expire between January and December 2025.