wheat purchase

Serbian farmers doubt state wheat purchase will boost prices amid rising costs

Farmers in Serbia have expressed skepticism about the state’s plan to buy a small quantity of new wheat crop at about 25 dinars per kilogram (including VAT), saying it will not meaningfully help them. The price offered by the Republic Directorate of Commodity Reserves is only slightly better than the current market price of 19-20 dinars, which limits the incentive for most farmers to sell to the state. Nedeljko Savić, president of the Association of Farmers "Stig," pointed out that…