Mineral fertilizers price rise, new prices highs in the current economic year were actual on the agricultural market on Produktna berza. Total turnover was 6.790 tonnes of commodities (+30,13%), and financial value was 2.734.070,02 € (+72,68%).
On the soybean market, unlike the previous period where there was a low level of operating commodities due to delays by sellers, which affected the continuous growth of prices, last week there was a more pronounced offer of this oilseed. Earlier, mostly, such a situation led to a bearish price trend and customer withdrawal. Regardless of this circumstance, the demand from domestic processors and traders did not abate, which led to a price increase of 4,11%. Contracts at FCA parity were concluded in the price range from 663,47 to 680,49 €/t, or 684,74 €/t at CPT parity. It was mostly traded with quality calculation. The weighted price was 678,79 €/t.
The corn harvest was interrupted due to bad weather, is expected to continue more intense in the coming days. Increased demand for this cereal is still present. There is no supply of larger quantities. Contracts at FCA parity, for prompt delivery, were concluded in a wide price range from 222,86 to 233,92 €/t, which is an increase of 3,27%. What is important to point out is that there is a problem with the quality of the grain. The percentage of defective kernels is generally increased. The buyer structure consisted of domestic processors and traders.
Wheat marked a new price high. At the beginning of the week, trading was at a price level from 246,68 to 250,93 €/t. At the end of the week, contracts at CPT parity were concluded at 264,54 €/t. The weighted price was 247,61 €/t, which is an increase of 2,15%. Except on the domestic market, this price trend was correlated with the world and regional markets. Although the price is good at the time of sowing, this year’s sowing of wheat is much more expensive than last year due to the increase in the prices of intermediate goods and mineral fertilizers.
The biggest price increase marked mineral fertilizers. On the European and world markets, the jump in oil and gas prices has shaken the market balance, with fears about supply. Prices are constantly rising, which was reflected in the domestic markets. Contracts for NPK 15:15:15, package 25/1, were concluded at a price range from 529,93 €/t to 535,03 €/t at CPT parity, while NPK 16:16:16, package 25/1, was traded at a price of 549,92 €/t. UREA, package 25/1, at CPT parity was sold at a price level of 794,89 €/t. Price changes were monitored daily.
Verica Popov, broker