#54 Serbia Agriculture Bulletin, BFC

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BFC. Agriculture Finance Bulletin.

ries, currants, cranberries and similar small fruits. The new rules will not apply to the export of apples, peaches or nectarines.

14) 2020 price forecasts released for ten agricultural products March 10th, 2020, https://agrosmart.net/2020/03/10/cene-u-2020-oko-proseka-znacajan-pad-samo-kod-maline/

The Ministry of Agriculture, working in collaboration with the United State Agency for International Development (USAID), has released a 2020price forecast for ten agriculture products: • Wheat – the average price is expected to average approximately EUR 160 per ton, with lower prices in the spring and higher prices in the autumn. • Corn – higher demand globally is expected to push corn prices to approximately EUR 140 per ton. • Soy beans – there is a slight increase in price expected for soy beans this year, amounting to an estimated EUR 330. • Cattle – the average annual price of live cattle scales is expected to be between EUR 1.86 and EUR 1.90. • Pigs – the average annual price of live pigs is expected to range between EUR 139 and EUR 145. • Potatoes – global prices for potatoes are nearly impossible to predict as there is tremendous variation between different points of sale. Domestic prices, however, are expected to range between RSD 47 and RSD 58. • Peppers – similar to potatoes, an average global price is not practical to predict; however, the domestic price is expected to be approximately EUR 1.8 per kilogram. • Raspberries – demand for raspberries has been declining, leading to an average purchase price of between EUR 0.80 and EUR 1.00. • Blueberries – blueberry prices are expected to remain consistent, with prices at the quantum market ranging from RSD 400 to RSD 1,000. • Plums – there has been no indication that demand for fresh plums will change from previous years; as such, the average purchase price of plums is expected to remain between USD 0.50 and USD 0.60. These price forecasts were made on the basis of global and stock market reports, analyses of trends and possible risks, impact events on product prices and the expectations of all participants in the various market chains.

15) First International Banat Wine Festival held in Zrenjanin March 6th, 2020, http://www.psp.vojvodina.gov.rs/VestiCyr.aspx?Id=22350

The first International Banat Wine Festival was held this month as part of an effort to support the development of viticulture and wine production in Central Banat. The festival gathered approximately 80 exhibitors and featured 170 competing wines. The festival also marked the first gathering of winemakers from Vojvodina and the surrounding regions in Zrenjanin (Central Banat). In addition to the wine competition, the festival also featured expert lectures in the field of winemaking, viticulture and tourism. The Provincial Secretary of Agriculture for Vojvodina hopes that this event will become an annual one that continues to grow and bring awareness to the region’s capacity to produce quality wines.

16) Second Contemporary Cooperative Society in Serbia conference held March 6th, 2020, http://www.rtv.rs/sr_ci/ekonomija/savremeno-zadrugarstvo-u-srbiji_1100395.html

The second Contemporary Cooperative Society in Serbia conference was held as part of an effort to strengthen the development of the cooperative society in the country by highlighting practical examples, offering expert advice and encouraging farmers to form and/or join associations/cooperatives, with the ultimate goal of making Serbian farmers more competitive in domestic and international marPage 5


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