Soy and corn: how the market behaved - 13/02/2023
Brazilian soybean prices could see a fall for a week, with the devaluation of the dollar and the evolution of the harvest prevailing, while climate forecasts are confirmed
Vittia announced the acquisition of Agro 21, a startup specialized in aerial application of macrobiologicals via drones. The idea is to offer the biological input and application service to the farmer.
"Through the joint use of macrobiological biodefenses with release via drone, pest management is more assertive, as macrobiological agents hunt the target and release via georeferenced drone promotes precision", explains Joan Brigo Fernandes, director of macrobiologicals at Vittia.
Founded in 2019 in Cravinhos, Agro 21 Soluções Aéreas e Agronomicas Ltda is an early-stage company (startup) providing precision agriculture services focused on the release of macrobiological agents through drones. As company spokespersons reported, the founder of Agro 21, Anderson Gallo de Sá, will remain in the activity as a minority partner.
"Vittia" is a legal entity that has been operating in the market since 1971. For many years, it was known as "Biosoja". At the end of 2018, the Vittia Fertilizers S.A. incorporated Granorte Fertilizandos Ltda and Vittia Participações S.A.
Once the merger was completed, its shareholder list was as follows:
• Brasil Sustentabilidade FIP (29,37%);
• José Plínio Romanini (24,01%);
• Francisco Guilherme Romanini (23,31%);
• Wilson Fernando Romanini (23,30%);
• Alexandre Del Nero Frizzo (0,01%).
In recent years, Vittia has carried out several corporate transactions. In 2017, it acquired the Biovalens SA (extinct), company specialized in the development and production of pesticides based on biological agents. In 2020, it purchased the Vitória Fertilizers SA, producer of organomineral fertilizers for soil, and JB Biotechnology Ltda, focused on the production of macrobiologicals for integrated pest management.
In turn, the shareholder "Brazil Sustainability FIP" is an investment fund. In recent years, whether due to marketing reasons or due to the relaxation of administrators' civil liability rules (changes in the Civil Code), acquisitions of shares in legal entities by these organizations have increased.
The corporate structure of the Vittia Fertilizers and Biologicals S.A. (VITT3), on 14/02/2023, according to information from the administration, is:
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Brazilian soybean prices could see a fall for a week, with the devaluation of the dollar and the evolution of the harvest prevailing, while climate forecasts are confirmed
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