ORGANIZATIONAL MATURITY AND ECONOMIC-FINANCIAL FRAGILITY IN THE MURUMURU SUPPLY CHAIN: EVIDENCE FROM AN AGRO-EXTRACTIVE COOPERATIVE IN WESTERN AMAZONIA

Resumo

Objective: To evaluate in an integrated way the organizational maturity, economic-financial performance, and conditions for insertion in the value chain of an agro-extractive cooperative of murumuru (Astrocaryum murumuru Mart.) in Western Amazonia. Theoretical framework: The study integrates economic conditions of extractivism, organizational maturity, value chain governance, and the distinction between value creation and appropriation. Method: A single, descriptive-analytical case study was conducted, with primary data collected in 2021 at COOPERCINTRA, Acre. Organizational maturity was assessed using ATER Mais Gestão in six areas and 31 sub-areas; economic performance was examined through costs, discounted cash flow, NPV, IRR, payback, break-even point, and sensitivity analysis; and commercial relationships were analyzed documentarily. Results: Overall maturity was intermediate (3.7/5.0), with Socio-environmental Management at an advanced stage (5.0), although specific gaps coexisted, such as 0% sanitary regularity. In the baseline scenario, the operation generated positive cash flow and exceeded the break-even point, but the imputed capital of R$ 902,692 presented an NPV of -R$ 390,305 and an IRR of -12.62%. In the optimistic scenario, the NPV became positive (R$ 124,927) and the IRR reached 10.18%. The CIF modality, responsible for 56.8% of the volume, presented a negative unit result of R$ 0.67/kg and incorporated freight of R$ 3.50/kg. Sales were concentrated in three regular buyers, and the internal commercial structure presented limitations. Conclusions: the results indicate that organizational capabilities and economic-financial sustainability are related but not equivalent dimensions. In the case analyzed, relatively consolidated socio-environmental management practices coexisted with economic and commercial vulnerabilities, indicating that the evaluation of community-based bioeconomy ventures should integrate internal capacities, cost structure, compliance, logistics, and conditions for value appropriation in the chain.