Trading activity on Serbia’s commodity exchange has entered a second consecutive week of subdued demand, reflecting a broader slowdown in buyer participation and increasing mismatch between supply and pricing expectations.
Market data from the Novi Sad commodity exchange indicate that overall activity remained limited, with buyers largely absent across key agricultural commodities. The decline in demand has constrained trading volumes and contributed to downward pressure on prices in several segments.
Wheat remained the most actively traded commodity, although even here market dynamics were constrained by quality mismatches. Buyers focused primarily on wheat with 11–11.5% protein content and feed-grade wheat, but available supply of these specifications remained below average and insufficient to meet demand. Transactions were concluded at around 20.70 dinars per kilogram (excluding VAT), marking a 2.36% decline compared with the previous week.
The corn market showed a similar pattern of imbalance. While supply remained relatively steady, demand was limited to a smaller group of buyers, mainly targeting corn without aflatoxin analysis. Prices settled at approximately 22.00 dinars per kilogram (excluding VAT), representing a 1.35% weekly decrease, reinforcing the downward trend across staple grains.
Soybean trading was notably subdued, with the market described as calm and lacking significant participant activity. Prices moved within a narrow band of 52.70–52.80 dinars per kilogram, with a marginal increase of 0.42%, suggesting relative price stability despite low liquidity.
Barley markets effectively stalled. Demand was weak and limited to small volumes, while price spreads between buyers and sellers further complicated deal-making. As a result, no transactions were recorded during the week.
In secondary agricultural products, sugar beet pellets traded at 27 dinars per kilogram, while the fertilizer market saw slight price declines on the supply side but no completed trades due to weak buyer interest.
Toward the end of the week, there were indications of demand re-emerging at slightly higher price levels. However, insufficient supply prevented additional transactions from materializing, highlighting a persistent structural imbalance between market participants.
The continuation of weak demand into a second week suggests that seasonal factors—particularly ongoing agricultural activities such as sowing and crop maintenance—are diverting attention from trading. At the same time, pricing mismatches and cautious buyer sentiment are limiting market liquidity, leaving the exchange in a holding pattern despite modest price adjustments.
