JUDICIAL RECOVERY AND BANKRUPTCY OF SUGARCANE AGROINDUSTRIES IN THE STATE OF PARANÁ

Abstract

This paper aims to present a current overview of the bankruptcy and judicial recovery of sugarcane agribusinesses in the State of Paraná and to verify its leading causes. As a result, this sector showed an expansion behavior (from 2003) followed by a crisis (from 2008). The common cause of this crisis is related to macroeconomic problems, such as the issue of gasoline subsidies and credit reduction, and microeconomic problems, such as the climate issue and management problems. It is worth mentioning that the current paradigm in force in this sector is technological, being urgent to be attentive to minimizing production costs and maximizing the productivity of the sugarcane culture, aiming at the survival of the plants/distilleries in a more competitive market context. Thus, nine of the thirty-one plants in Paraná have been deactivated or temporarily stopped their activities; of these, five sought the Judiciary to recover their activities, one of which was declared bankrupt, and the others face long sanitation processes.