Increased demand for cereals and oilseeds has led to a jump and record prices of almost all agricultural crops. According to the data of the Association “Zita Srbije”, last calendar year we exported a record 3,638,000 tons of corn. The largest export of soybeans so far is also expected, which records the largest price increase.
Good yield and high purchase price of the product are the wishes of every farmer. Farmers who stored corn after the harvest are rubbing their hands with satisfaction, because the price of that grain is now much higher.
Djordje Sivoljski, a farmer from Stejanovac near Ruma, says that the price of corn started at 10 cents, and that today it is 18 cents plus VAT.
“It would be good if we saved all the corn, but we didn’t. One other thing is very important, because the futures contracts on the stock exchanges that we monitor say that the price will not fall, but will only rise a little,” Sivoljski points out.
Last year, almost all agricultural crops gave birth well. Corn broke records in both gender and exports.
Suncica Savovic from the Association “Zita Srbije” emphasizes that a convincing record was set with eight million and one hundred thousand tons of fruit. The yield was about half a million tons higher than the previous year.
“When we talk about exports, last economic year we exported a record three million and fifty thousand tons of corn, and this year we have at least that much for export,” Savovic points out.
The yield of wheat is about 100,000 tons higher compared to the previous year, but its exports went slower than expected until January.
“From the beginning of the economic year for wheat, ie July last year, until the end of 2020, only 400,000 tons of wheat were exported. According to our information in the Association, sales are slightly better starting from the New Year, and if we continue at 100,000 per month. We will report about a million tons by the end of this economic year, which absolutely does not endanger our market,” believes Suncica Savovic.
The jump in the prices of oilseeds and cereals was mostly influenced by the great demand for these products from China, they say at the Novi Sad Product Exchange.
Milos Janjic, director of the Novi Sad Product Exchange, says that soybeans are recording the biggest jump. It has a price that is even 50 percent higher, compared to the same period last year, and the last thing that is traded is 50 cents without VAT.
Next in line is corn, with over 40 percent price growth over the same period last year, and with the highest price since early 2013. The last price is 18 cents without VAT.
This is followed by wheat, which is more stable in relation to these two crops, however, it has also recorded a price increase of over 20% and at a record level also since the beginning of 2013. With a level of 18 cents without taxes.
From importers, in a few years, we have set up soybean exporters. The “Zita Srbije” Association expects us to sell a record 300,000 tons of that oilseed on the world market, RTS reports.
