Los Grobo exits shared plantings, pivots to grain origination with Amaggi

Argentine agribusiness Los Grobo, under Victoria Capital, discontinued its shared-planting business due to low profitability and is refocusing on grain origination in partnership with Brazil's Amaggi. In a creditors' meeting, the company halved its workforce and cut losses, aiming to approve a payment plan. This marks a strategic retreat from its core farming model, signaling financial distress and a shift toward asset-light operations.