Serbia, The prices of wheat, corn and soybean fell druring last week

Published on 13. May 2023., News

Wheat, corn and soybeans fell slightly in price last week compared to seven days earlier, and trade in soybeans, which had almost stopped in previous weeks, has started, the Commodity Exchange in Novi Sad announced.

Wheat was traded the most, and the most sought after was the one with a lower protein percentage, while there was more of that cereal with higher quality parameters on offer.

Exchange contracts for wheat were concluded in the price range from 21.60 to 24.50 dinars per kilogram, excluding value added tax (VAT).

The average price of wheat was 22.25 dinars per kilogram, without VAT, and 24.47 dinars with that tax. Compared to the previous week, the price of wheat was lower by 0.38 percent.

On the corn market throughout the week, supply was greater than demand. Depending on the quality and parity of sales, corn was traded in the price range from 22 to 22.80 dinars per kilogram, excluding VAT.

The average price of corn was 22.44 dinars per kilogram, without VAT, and 24.68 dinars with that tax. Compared to seven days earlier, the price was 1.31 percent lower.

At the beginning of the week, small amounts of wet corn up to 16 percent moisture were traded at a price of 21.50 dinars per kilogram, excluding VAT, and 23.65 dinars with that tax.

In contrast to the previous week, when the soybean market was quite calm, more stock contracts were concluded this week.

Soybeans were traded in a price range of 56.50 to 57 dinars per kilogram, without VAT, with the calculation of quality, and the average price was 56.90 dinars per kilogram, without VAT, and 62.60 dinars with that tax. Compared to the previous week, soybeans fell by 0.17 percent.

Feed barley with a hectoliter of 56 kg was traded at a price of 21.60 dinars per kilogram, without VAT, or 23.76 dinars with that tax.

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