Ahead of the upcoming holidays, there was a reduced activity of trading participants. In addition to reduced activity, a stable price level of all primary agricultural products was recorded. The turnover of only 700 tons is one of the extremely low weekly turnovers recorded at Produktna berza. The financial value amounted to 231.874,86 €.
Corn has maintained a stable price level. Contracts were concluded in a very narrow price range from 211,76 to 212,61 €/t. There was more interest in buying this cereal with the clause “free stock until 31st January”, than in prompt delivery. The customer’s structure consisted mainly of traders, while on the other hand, the interest of exporters and domestic processors was not emphasized in purchasing. The weighted price for this week was 212,27 €/t. Compared to the same period last year (the price was 159,89 €/t) the price is higher by 32,98%.
On the wheat market, there is a noticeable passivity in relation to the previous period when this cereal was one of the most sought-after commodities. The absence of demand was manifested through one sales contract for wheat with a minimum of 12% protein, which was concluded at 263,64 €/t. This also represents this week’s weighted price, and statistically, a slight increase of 1,07% was recorded compared to the previous data. When we compare the price of this cereal with the same period last year (177,75 €/t), an increase of 48,33% was recorded.
After the recent negative trend, soybeans did not mark significant price oscillations in the past week. The realization was at 608,08 €/t, with the delivery during January. Despite the fact that domestic processors and traders have not shown the need to buy, the supply of larger quantities is still lacking due to the delay of sellers. In a year, this oilseed has risen in price by 37,50%.
Russian UREA, granulated, package 500/1, was traded at the price of 904,80 €/t. Compared to the same period last year and the registered price of 271,98 €/t, the price is higher by 232,68%. AN, package 25/1, at CPT parity, was concluded at 714,04 €/t.
We can state that this year was very turbulent in terms of price developments, which means that we had large price oscillations, which were monitored even on a daily basis, and unexpected. This circumstance is once again an indicator of how unpredictable the market has become.
Verica Popov, broker