The first contract for barley in 2021, the fall in the prices of primary agricultural products of corn and soybeans, marked this week on the Product Exchange. The total turnover through the “Product Exchange” amounted to 3,610 tons of goods, whose financial value amounted to 115,993,500.00 dinars.
Barley harvest is in full swing. Given the weather, we expect it to be completed next week. Field reports say that the yields are satisfactory (from 5 to 8 t / ha), with good quality. The first contracts were concluded in the price range from 19.60 din / kg to 20.00 din / kg without VAT (from 21.56 to 22.00 din / kg with VAT). The weighted price was 19.80 dinars / kg without VAT. When we compare the price of this cereal with the same period last year (14.60 din / kg without VAT), an increase of 35.62% was recorded.
Unlike the previous week, where no sales contract was realized, corn is this week was the most dominant commodity with a total turnover of 2,960 tons. Stock contracts at FCA parity for spot delivery are concluded in the price range from 25.00 din / kg to 25.20 din / kg without VAT, while corn, with the clause “gratis lager” until August 31, was traded at a price of 25.50 dinars / kg without VAT. The weighted price was 25.11 dinars / kg without VAT (27.62 dinars / kg with VAT), which is a decrease of 3.51%.
Soy as well as corn records a negative price trend last week on the organized commodity exchange market. All sales contracts have been realized at a single price of 74.70 dinars / kg without VAT (82.17 din / kg with VAT). Compared to the previous comparative data, a slight decrease of 0.40% was recorded. However, at the end of the week, offers at a lower price level than the realized ones did not result in the conclusion of a stock exchange contract due to the complete absence of demand for this oilseed.
A new crop of wheat is expected to be harvested in early July
Wheat contract minimum hectolitre weight of 77 kg was concluded at a price of 24.50 dinars / kg without VAT (26.95 dinars / kg with VAT). The absence of supply is noticeable on the domestic market, which has influenced this cereal to have an upward trend of 2.08%. On the demand side, more activity was shown by domestic processors and millers. It is expected that wheat harvest a new genus begins in early July. Forward demand at parity FCA Vojvodina, with delivery of goods in harvest, was at the price level of 170.00 € / t.
Rapeseed in foreign markets over the past week has recovered following the prices of other oils, especially canola. The purchase contract of oilseed rape, with the planned delivery of goods during this week at the parity of FCA Banat, was registered at a price of 480.00 € / t.
An overview of the offered and concluded quantities, as well as the range of offered and concluded prices of agricultural products in the observed period, are given in the following table:
Source: Product exchange Novi Sad
Source: Agromedia by www.agromedia.rs.
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