On the Product Exchange, a higher volume of turnover was recorded compared to last week, but the negative price trend is still present for all primary agricultural products. The most activity was on the corn market.
A total of 2,101 tons of goods were traded, which is a jump of 9.48 percent compared to the previous week, and its financial value was 63,539,740 dinars, with a growth of 19.57 percent.
On the corn market, the beginning of the week was marked by weak activity of participants, especially on the supply side. From the middle of the week, there is a change in dynamics, when both on the supply side and on the demand side, significantly greater activity of participants is recorded.
Wheat accounted for only 15 percent of the total weekly turnover. Buyers showed the most interest in wheat with 11-12 percent protein, and from the middle of the week feed wheat was also in demand. Bidders mostly offered better quality wheat (with 12.5-13 percent protein), so the price of the offered goods differed significantly from what buyers were willing to pay.
Exchange contracts for wheat were concluded in the price range from 20.00 to 20.25 dinars/kg without VAT. The weighted price is 20.19 dinars/kg without VAT, which is a drop of 3.88 percent.
Sign up for business updates & specials.
