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Serbia, Wheat is getting cheaper, and sowing was the most expensive in history

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Since Ukraine started to export wheat, the price of this stock commodity has dropped from around 400 euros per ton on the world market, as it was in March, to 200 to 300 euros in recent weeks, which worries farmers across Europe, including Serbia, Danas announced.

In our country, the export of wheat was limited when the price was at this year’s peak, and farmers say that with the current price, they will not be able to cover the costs of sowing.

“Fuel prices are high, as well as raw materials, this was the most expensive wheat sowing in our history, and we are coming to a situation where the price of wheat will return to the level before, while the costs are only increasing,” Jovica Jakšić told “Danas”. President of the Independent Association of Farmers of Serbia.

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He also warned that some seeds for spring will be significantly more expensive compared to last spring.

“Day by day, the prices of our products are falling, and no one advertises or reacts to it.” The price of wheat is about 30 dinars, as well as corn, and we do not cover ourselves with that because we had a big increase in the prices of raw materials”, said Jakšić.

The price of wheat on the Product Exchange in Novi Sad is about 33 to 34 dinars, corn is at 31 dinars, and soybeans dropped from 80 dinars in September to 64 to 65 dinars in December, while the Commodity Reserve buys wheat at 40 dinars per kilogram, he reminded “Danas”.

Agroeconomic analyst Milan Prostran estimated that the current price of wheat in Serbia is still at a high level, because last year it was somewhere up to 250 dollars per ton. He noted that this year the crop was also good, and that 3.5 million tons of wheat were produced, as well as that there were stocks from last year.

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“The market has started to function now, ships from Ukraine have left, tens of millions of tons have left the port, and I would say that prices are still not at the level they were before the war,” Prostran told “Danas”, Biznis reports.

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