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There will be no shortage
.
Commenting on the news that people were starting to buy large quantities of flour, oil and sugar during the conflict in Ukraine, she pointed out that there was no need to do so because the seller's warehouses were stocked with grain
.
"We have more than enough food
.
People shouldn't go into panic consumption, Serbia has never depended on Russia and Ukraine for wheat and corn
.
They are big producers, part of the world market, their commodity prices affect us, but our market There is no problem with supply
.
"
.
"We have more than enough food
.
People shouldn't go into panic consumption, Serbia has never depended on Russia and Ukraine for wheat and corn
.
They are big producers, part of the world market, their commodity prices affect us, but our market There is no problem with supply
.
"
The escalation of the conflict in Ukraine has led to higher grain prices on world exchanges
.
Chicago Board of Trade wheat prices rose 5.
6 percent on Thursday, the highest since mid-2012
.
Separately, news that Russia has suspended merchant shipping in the Sea of Azov has led to panic
.
However, its ports in the Black Sea remain open to navigation, according to statements from Russian officials
.
Russia, the world's largest exporter of wheat, supplies the grain mainly from ports on the Black Sea, while ports in the Sea of Azov have less capacity
.
Russia and Ukraine together account for 29% of world wheat exports, 19% of corn exports and 80% of sunflower oil exports
.
.
Chicago Board of Trade wheat prices rose 5.
6 percent on Thursday, the highest since mid-2012
.
Separately, news that Russia has suspended merchant shipping in the Sea of Azov has led to panic
.
However, its ports in the Black Sea remain open to navigation, according to statements from Russian officials
.
Russia, the world's largest exporter of wheat, supplies the grain mainly from ports on the Black Sea, while ports in the Sea of Azov have less capacity
.
Russia and Ukraine together account for 29% of world wheat exports, 19% of corn exports and 80% of sunflower oil exports
.
"It's all about geopolitics, and the rise in prices is likely to be caused by fiscal funds that started buying food," Savovic said
.
As for Serbia, stocks of all grains are high, and the bigger question is whether Serbia can export these stocks
.
"There has been no wheat trade for several weeks
.
In January, Serbia only exported 60,000 tonnes, which is a small amount
.
" According to the association, from July 2021, the export volume of plug wheat is 667,000 tons, and if flour is included, the total export volume is 763,000 tons
.
Last year, Serbia's grain production reached a record high of about 3.
4 million tons, with transitional stocks of about 300,000 tons
.
.
As for Serbia, stocks of all grains are high, and the bigger question is whether Serbia can export these stocks
.
"There has been no wheat trade for several weeks
.
In January, Serbia only exported 60,000 tonnes, which is a small amount
.
" According to the association, from July 2021, the export volume of plug wheat is 667,000 tons, and if flour is included, the total export volume is 763,000 tons
.
Last year, Serbia's grain production reached a record high of about 3.
4 million tons, with transitional stocks of about 300,000 tons
.
Savovic pointed out, “We consume 125,000 tons of all wheat in the market every month.
Excluding exports and consumption, the current inventory is more than 1.
7 million tons
.
There is enough grain in Serbia, even if there is no new harvest, it is almost edible.
One year, this is the real situation
.
Plus, the prices on the world exchanges on Thursday are unrealistic.
”
Excluding exports and consumption, the current inventory is more than 1.
7 million tons
.
There is enough grain in Serbia, even if there is no new harvest, it is almost edible.
One year, this is the real situation
.
Plus, the prices on the world exchanges on Thursday are unrealistic.
”
She thinks it's most objective to focus on Friday's price changes because that's a reaction to what's really going on
.
Although corn prices rose as much as 1.
5% on the French exchange, that gain more than halved by the end of the day
.
Export prices for corn were around €242/t on Wednesday
.
But amid the panic, prices were between 248 and 265 euros a tonne during the day on Friday
.
She stressed that this is not its actual transaction price, but an offer from corn producers
.
.
Although corn prices rose as much as 1.
5% on the French exchange, that gain more than halved by the end of the day
.
Export prices for corn were around €242/t on Wednesday
.
But amid the panic, prices were between 248 and 265 euros a tonne during the day on Friday
.
She stressed that this is not its actual transaction price, but an offer from corn producers
.
"Any escalation of external conflict will inevitably affect price growth, which will be transferred to the domestic open market
.
Let's see what happens next week, I don't know how long this will all last ," she said
.
Wheat and corn stocks and exports are going very slowly because of high domestic prices
.
See if that changes next month or export deals will stop until new grains arrive
.
”
.
Let's see what happens next week, I don't know how long this will all last ," she said
.
Wheat and corn stocks and exports are going very slowly because of high domestic prices
.
See if that changes next month or export deals will stop until new grains arrive
.
”
She introduced that in March and April, if the domestic wheat price is consistent with the FOB price, it will be sold
.
All bodes well for record highs in wheat inventories heading into a new harvest
.
Currently, the movement of Russian cargo in the Black Sea is not a problem, but Ukrainian wheat will be a problem
.
Only after knowing who the biggest customers are can we see how this will affect the world market
.
It should also be seen whether the domestic volume exceeds the actual demand
.
She explained, “For sure, as long as there is Russian, Romanian, Bulgarian wheat in the Black Sea region, and possibly Hungarian wheat, which is cheaper than Serbian wheat, we cannot sell our own wheat
.
That’s not going to change, with or without it.
Ukraine conflict"
.
.
All bodes well for record highs in wheat inventories heading into a new harvest
.
Currently, the movement of Russian cargo in the Black Sea is not a problem, but Ukrainian wheat will be a problem
.
Only after knowing who the biggest customers are can we see how this will affect the world market
.
It should also be seen whether the domestic volume exceeds the actual demand
.
She explained, “For sure, as long as there is Russian, Romanian, Bulgarian wheat in the Black Sea region, and possibly Hungarian wheat, which is cheaper than Serbian wheat, we cannot sell our own wheat
.
That’s not going to change, with or without it.
Ukraine conflict"
.
As for maize, the domestic production in Cyprus was lower last year due to the drought
.
According to the information of the Grain Association, after entering the new economic year, the corn inventory is about 340,000 tons, the output is about 6 million tons, the domestic consumption needs 4.
6 million to 4.
7 million tons, and the export is 570,000 tons at the end of January
.
Only by continuing to export more than 140,000 tonnes per month will all stocks be successfully sold by the September corn harvest
.
.
According to the information of the Grain Association, after entering the new economic year, the corn inventory is about 340,000 tons, the output is about 6 million tons, the domestic consumption needs 4.
6 million to 4.
7 million tons, and the export is 570,000 tons at the end of January
.
Only by continuing to export more than 140,000 tonnes per month will all stocks be successfully sold by the September corn harvest
.
There will also be no problems and shortages in the edible oil market, as mills and exporters are buying more sunflowers than they need in 2021
.
.
