Trading on Serbia’s commodity exchange has continued to experience a decline in demand for the second consecutive week, indicating a broader slowdown in buyer engagement and a growing disconnect between supply and pricing expectations. Data from the Novi Sad commodity exchange highlights that overall trading activity remains limited, with a notable absence of buyers across key agricultural products.
Wheat has been the most actively traded commodity; however, market dynamics have been hampered by quality mismatches. Buyers are primarily interested in wheat with 11–11.5% protein content and feed-grade wheat, but the available supply of these specifications is below average, failing to meet demand. Recent transactions were recorded at approximately 20.70 dinars per kilogram, excluding VAT, reflecting a 2.36% decrease from the previous week.
In the corn sector, a similar trend has emerged. While supply has remained relatively stable, demand is restricted to a limited group of buyers who are mainly seeking corn without aflatoxin analysis. Prices for corn have settled at around 22.00 dinars per kilogram, also excluding VAT, which marks a 1.35% weekly decline, further contributing to the downward trend in staple grain prices.
Soybean trading has seen minimal activity with the market described as calm and lacking significant participant involvement. Prices have fluctuated within a narrow range of 52.70–52.80 dinars per kilogram, showing a slight increase of 0.42%, indicating relative price stability despite low liquidity levels.
The barley market has effectively stalled due to weak demand confined to small volumes, compounded by widening price spreads between buyers and sellers that complicated transactions. Consequently, no trades were reported during this period.
In secondary agricultural products, sugar beet pellets were traded at 27 dinars per kilogram, while the fertilizer market experienced slight price declines on the supply side but saw no completed transactions owing to weak buyer interest.
Towards the end of the week, there were signs of demand beginning to re-emerge at slightly elevated price levels; however, insufficient supply hindered additional transactions from taking place. This situation underscores a persistent structural imbalance among market participants.
The ongoing weak demand suggests that seasonal factors—particularly current agricultural activities like sowing and crop maintenance—are diverting attention away from trading activities. Simultaneously, pricing mismatches and cautious buyer sentiment continue to restrict market liquidity, resulting in a stagnant exchange environment despite minor price adjustments.
