2022 #12 (28.03.-01.04.)

During this week, an increase in prices of all primary agricultural products was noticed. Total turnover on Produktna berza was 4.875 tons (+57,26%), while financial value was 1.781.942,70 € (+60,71%).

On the wheat market, during the past week, the augmented activity of commodity exchange participants was spotted. This cereal was the most traded commodity with a total quantity of 4.050 tons. Depending on the quality, the contracts were concluded from 297,24 to 305,73 €/t. The weighted price was 299,36 €/t. Regarding the previous week, there was an increase of 2,18%. The buyers were domestic processors, while exporters were not interested in buying.

Until Wednesday, corn had a bullish trend. Contracts were concluded at a price range from 271,76 to 278,55 €/t. The weighted price was 277,71 €/t. In comparison with previous data, this cereal’s price increased by 2,92%. Corn with higher moisture was traded at 267,51 €/t. Despite the statistically upward trend, the supply of larger quantities is still lacking. At the end of the week, there was a reduced activity of commodity exchange participants for the purchase of this grain. The export ban significantly affected the decline in turnover and the absence of export demand. Further developments on the domestic market will depend exclusively on subsequent Government decisions.

Intense demand and lack of supply of soybean impacted positive price movements. At the beginning of the week, contract realization was from 696,39 to 704,88 €/t. On Thursday, the market calmed down, and supply increased compared to demand. Supplies at a lower price level than the realized ones did not result in the conclusion of a new contract, which implies a downward correction of the price. If we look back at March in the previous two years, we can see a constant increase in the price of this oilseed. The weighted price for this week is 701,23 €/t, which is an increase of 3,09% compared to the previous comparative data. Apart from the domestic one, this price trend is completely correlated with the events on the foreign market.


Verica Popov, broker

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