The former director spent 18 months at the Ministry of Agriculture and is expected to return to Mato Grosso where he is a career civil servant (Photo: Disclosure)
The Minister of Development, Industry, Commerce and Services, Rui Costaordered the dismissal of Jonatas Pulquério from the position of Director of the Risk Management Department of the Secretariat of Agricultural Policy of the Ministry of Agriculture and Livestock (Map).
Pulquério spent 18 months in the department and must return to Mato Grosso, where he is a career civil servant. The tendency is for the Minister of Agriculture, Carlos Fávaro, to nominate a new name for the position.
On Monday (2), in conversation with the Money Timesthe then director of Mapa, said that Brazil's agriculture is experiencing a structural problem, with a crisis triggered by the fall in commodity prices and crop failures due to climate problems.
“Aqua Capital, whether for the public or private sector, does not want to hide anything, but rather to show that agriculture is experiencing a crisis. THE AgroGalaxy (AGXY3) has a credit portfolio with the producer. The one who went into debt and went bankrupt was the producer. And this was passed on to resale, which is outside the Safra Plan. But when this happens in the banking system, the government comes in and renegotiates, because there is an instrument for that. Therefore, there is no risk for banks”, he explains.
Other than that, Pulquério did not rule out the possibility of other companies on the stock exchange, such as AgroGalaxy, filing a request for judicial recovery. For him, the big problem is the lack of liquidity, with the maturity of short-term debts.
“It is difficult to predict other cases (of RJ's from listed agricultural companies). But the reality that I was told in the conversation with Aqua Capital is that the producer is in trouble. And if this scenario exists, let's look at other RJ's.”