The past week on the Product Exchange was notably quiet, with a significant decrease in market activity. A total of 1,320 tons of goods were traded, reflecting a 71.75% decline compared to the previous week, with a total financial value of 32,399,630 dinars.
Wheat dominated trading, accounting for 63% of the total turnover. Corn exchange contracts were traded within a price range of 18.50 to 19.40 dinars/kg (excluding VAT), showing a clear downward trend as the week progressed. The weighted average price for corn fell by 2.37% to 18.95 dinars/kg (excluding VAT) compared to the previous week.
The buyer composition for these contracts included regional exporters and traders, while domestic processors and exporters to ports were notably absent.
In the wheat market, buyers expressed interest not only in bread wheat (with 11.5-12% protein) but also in higher-quality wheat (13-14% protein) and wheat for animal feed. The increased share of higher-quality wheat in total weekly turnover contributed to a slight price increase of 0.34%, with the weighted average price for wheat reaching 22.74 dinars/kg (excluding VAT). Contracts for fodder wheat were concluded at a fixed price of 21.00 dinars/kg (excluding VAT).
The soybean market also exhibited passivity, with weak supply failing to drive prices upward. A bid-ask spread persisted throughout the week, resulting in no stock contracts.
On the first working day of the week, a contract for fodder barley was concluded at 21.50 dinars/kg (excluding VAT). However, subsequent offers for this cereal did not meet demand.
