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Borrowings (Tables)
 12 Months Ended
Dec. 31, 2024
Financial Instruments [Abstract]  
Schedule of Detailed Information about Borrowings
 20242023
Non-current  
Senior Notes414,638 498,347 
Bank borrowings265,367 199,496 
 680,005 697,843 
Current  
Senior Notes6,858 8,250 
Bank overdrafts— 4,386 
Bank borrowings92,693 194,470 
 99,551 207,106 
Total borrowings779,556 904,949 
The maturity of the Group's borrowings and the Group's exposure to fixed and variable interest rates is as follows:
 20242023
Fixed rate:  
Less than 1 year69,178 117,105 
Between 1 and 2 years55,952 6,010 
Between 2 and 3 years414,994 5,508 
Between 3 and 4 years356 498,347 
Between 4 and 5 years356 — 
More than 5 years35,936 — 
 576,772 626,970 
Variable rate:  
Less than 1 year30,373 90,001 
Between 1 and 2 years83,142 37,712 
Between 2 and 3 years46,593 91,878 
Between 3 and 4 years2,932 56,605 
Between 4 and 5 years441 1,783 
More than 5 years39,303 — 
 202,784 277,979 
 779,556 904,949 
The main loans of the Group’s Brazilian Subsidiaries are:
BankGrant date
Nominal
amount
Capital outstanding as of December 31Maturity dateAnnual interest rate
20242023
(In millions)Millions of
Brazilian Real
Millions of
equivalent
Dollars
Millions of
equivalent
Dollars
Certificados Recebíveis do Agronegócio (CRA) (2)December, 2019R$400.0 R$400.0 64.6 82.6 November-27
3.80% + IPCA
Debênture (1)December, 2020R$400.0 R$400.0 64.6 82.6 December-26
4.24% + IPCA
Certificados Recebíveis do Agronegócio (CRA) (2)July, 2024R$400.0 R$400.0 64.6 — Jul-31 / Jul-34
IPCA + 6.80% /12.65%
 
(1) Collateralized by long term power purchase agreement (PPA).  

(2) This debt was issued with no guarantee.
The main loans of the Group’s Argentinian Subsidiaries are:
BankGrant dateNominal
amount		Capital outstanding as of
December 31		Maturity dateAnnual interest rate
20242023
(In millions)(In millions)(In millions)
IFC (1) June, 2020US$20.0—16.33June, 2028
4% plus SOFR
Rabobank June, 2024US$13.613.60—December, 2028
3.1% + SOFR
 (1) During 2024, the Group settled the outstanding amount of US$16.4 million under the loan agreement entered into with the International Finance Corporation (IFC).
Evolution of the Group's borrowings as December 31, 2024 and 2023 is as follow:

 20242023
Amount at the beginning of the year904,949 1,007,752 
Proceeds from long term borrowings126,757 7,739 
Payments of long term borrowings(105,749)(24,105)
Proceeds from short term borrowings169,901 448,532 
Payments of short term borrowings(239,947)(420,276)
Payments of interest (1)
(741)(43,457)
Accrued interest23,489 33,495 
Exchange differences, inflation and translation, net(99,800)(105,465)
Others 697 734 
Amount at the end of the year779,556 904,949 
(1) Excludes payment of interest related to trade and other payables.