The most activity in the week after us was recorded on the wheat market, which for the second week in a row takes the lead in trading. The negative price trend is still present in all primary agricultural products. A total of 2,874 tons of goods were traded through the Product Exchange, the financial value of which is RSD 76,469,250.00. The volume of traffic is higher by 29.17% compared to last week.
Highlights from last week:
- Most activity on the wheat market
- Negative price trend
On the corn market, weak demand was expressed and at a lower price level compared to supply. Depending on the parameters of quality and parity of sales, stock exchange contracts were concluded in the price range from 22.00 to 23.00 dinars/kg without VAT, with a tendency for the price to fall. Weighted price is 22.73 din/kg without VAT (25.00 din/kg with VAT). Compared to the previous week, the price is lower by 3.12%.
The wheat market was the most dynamic. The structure of buyers included millers, traders and exporters, and unlike the previous week when there was interest in higher quality wheat, this week the demand was focused on wheat with 11-12% protein. Wheat was traded in the price range from 21.80 to 22.80 din/kg without VAT. The weighted price is 22.34 din/kg without VAT (24.57 din/kg with VAT), showing a drop of 6.93% compared to seven days earlier.
Although weak, the offer of soybeans in the price range from 58.00 to 58.50 dinars/kg without VAT, with the calculation of quality, did not result in the conclusion of the contract. Demand was expressed for smaller quantities and at a lower price level. At the end of the week, soybeans were traded at a single price of 57.00 din/kg without VAT (62.70 din/kg with VAT), which also represents the weighted price. Statistically speaking, the price recorded a drop of 1.72%.
Feed barley with a hectoliter of 60 kg was traded at a price of 22.50 din/kg without VAT.
Milena Pajičić, Product Exchange
On the corn market, the first half of the month brought increased demand from exporters and traders. In addition to dry corn, there was noticeably greater interest in corn with an increased percentage of moisture. Increased demand, along with weak supply, moved the price in a positive direction, especially for wetter corn. From the middle of the month, there is a change in dynamics, a greater number of offers appear, while buyers withdraw. Trade in dry corn continued, while offers of corn with 16% moisture did not meet demand. Exchange contracts were concluded in the price range from 22.60 to 24.00 din/kg without VAT. The weighted price is 23.54 din/kg without VAT (25.90 din/kg with VAT), which is a decrease of 5.65% compared to the previous month. Contracts for naturally dried corn up to 16% moisture were concluded in the price range from 22.00 to 23.60 din/kg without VAT.
On the wheat market during April, there was a greater activity of bidders, while the demand was weaker and at a lower price level. The demand of exporters and traders was focused on wheat with weaker quality parameters of 11-11.5% protein, while millers were looking for high quality grain, with a minimum of 14% protein. Exchange contracts were concluded in the range from 22.50 to 26.50 dinars/kg without VAT. The weighted price is 24.38 din/kg without VAT (26.82 din/kg with VAT), showing a drop of 6.88% compared to the average March wheat price.
Soybeans continue to record an extremely small share in trading. On the demand side, there were domestic processors and traders interested in smaller lots. At the beginning of the month, soybeans were traded in the range of 56.00 to 56.50 din/kg without VAT, and at the end of the month, due to extremely weak supply, the price reached 58.00 din/kg without VAT. Weighted price is 57.12 din/kg without VAT (62.83 din/kg with VAT). Compared to the last comparative data, the price is lower by 10.05%. The stock market contract for soybean crop 2021 was concluded at a price of 56.00 dinars/kg without VAT. All contracts were implemented with quality calculation.
Contracts for rapeseed crop 2022 were concluded at a price of 48.09 to 49.26 dinars/kg without VAT.
Sunflower meal with 33% protein was traded in a wide price range from 37.00 to 38.60 din/kg without VAT. Smaller quantities of goods ready for prompt delivery as well as periodically higher demand caused price fluctuations in this market.
Of the other goods, fodder barley was offered at a price of 25.00 to 25.50 din/kg without VAT. Due to the lack of demand, no trading took place.
Source: PRODUKTNA BERZA AD NOVI SAD
Source: Agromedia by www.agromedia.rs.
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