Argentine Court Declares Bankruptcy of Vicentin-Linked Algodonera Avellaneda

A judge declared Algodonera Avellaneda bankrupt after no buyers emerged, affecting 360 workers and leaving million-dollar debts. The firm's ties to Vicentin, a major Argentine grains exporter already in financial distress, may signal broader stress in the country's agribusiness sector. Production may continue during asset sale, but uncertainty over jobs and creditor recovery remains.