Staphyt expands its operations in Brazil with the acquisition of Grupo Phytus
Phytus now joins the Staphyt Brasil structure, which now offers 3 research centers strategically located in 3 important regions for the Research and Development area
Corn prices are firm in the domestic market, influenced by export parity. This scenario is verified despite data indicating 20% higher national carryover stocks at the end of the 2021/22 season (compared to the previous harvest), good expectations for the summer harvest and the current lower interest from domestic consumers.
In ports, according to Cepea research, values are also being sustained, due to external increases, which, in turn, are influenced by concerns related to the conflict between Russia and Ukraine, crop failure in the European Union and uncertainties regarding the productivity of the crops being harvested in the United States.
The devaluation of the dollar, however, prevented further advances in ports. In fact, prices at ports operate at levels above those seen in the national spot, a context contrary to that recorded in the same period last year, when national buyers were more active, and international demand was sluggish.
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Phytus now joins the Staphyt Brasil structure, which now offers 3 research centers strategically located in 3 important regions for the Research and Development area
Estimates from analysts at S&P Global Commodity Insights suggest sugar production of 2,94 million tons in the Center-South of Brazil; analysts see sugarcane ATR at 157,31 kg/mt; Mixture of Sugar Probable at 47,86%