The stock market collapse of Bioceres exposes the delicate moment that Argentine agriculture is going through.

Bioceres Crop Solutions (BIOX), which is listed on the Nasdaq, was worth USD 6.55 per share at the beginning of February 2025. A year later, its shares are around USD 0.84, which implies a drop of nearly 90%. This makes it a penny stock—companies with shares priced at less than USD 1—and exposes it to the risk of being delisted from the U.S. market. In parallel with its stock market collapse, the holding company showed cracks in its local structure. At the beginning of 2026, Bioceres S.A., the Argentine company founded in Rosario in 2001 and origin of Biox, filed for creditors' meeting due to an unpaid debt of nearly USD 39 million. The process was activated after the company failed to pay promissory notes for more than USD 5 million, in a scenario of strong deterioration of its cash flows and financial assets. Although today Biox and Bioceres SA do not have joint operations, the latter was the controlling entity of the former until the group's corporate restructuring in mid-last ...