economy
Weaker Buying Activity Slowed Trading on the Product Exchange
At the Product Exchange in Novi Sad last week, reduced buying activity was still noticeable in the domestic market, and the price spread and quality difference between offered and sought goods further complicated trading, according to the exchange's report.
TL;DR
- Reduced buying activity and price spreads hindered trading on the Product Exchange in Novi Sad.
- Wheat was the dominant commodity, accounting for 75% of the weekly turnover, with prices between 20.80 and 21.20 din/kg (excluding VAT).
- Corn trading was minimal due to weak domestic demand and the absence of exports, with a recorded price of 22.30 din/kg (excluding VAT).
- Soybean trading was absent due to a significant price spread between buyers and sellers.
- Feed barley traded between 19.50 and 19.80 din/kg (excluding VAT), with an average price of 19.72 din/kg, a 2.37% decrease.