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Serbia Expects 3.2 Million MT Wheat
SOFIA - May 2/02 - STAT -- Serbia is looking at a good start to this year's grain harvest, according to a report compiled by the U.S. agricultural attache here.
Winter wheat production is expected to reach 3.2 million metric tons (MT) from 800,000 hectares. Of the total, farmers will sell 300,000 MT of standard or average quality wheat to the Serbian Republican Commodity Reserves. The balance will be sold commercially on the open market for lower prices.
Current spot prices for MY 01 average quality wheat (HRW#2 or second class) average US $98.50 MT, while new crop prices average US $82 MT, FOB basis Novi Sad.
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