BELGRADE, SERBIA — Serbia’s corn production is expected to increase 10% in the 2020-21 marketing year, according to a Global Agricultural Information Network (GAIN) report from the US Department of Agriculture (USDA).
Serbia’s 2020-21 marketing year is anticipated to total eight million tonnes and estimated to be a record high. The record production will allow four million tonnes for domestic demand and about 3.8 million tonnes for export.
The USDA estimates area wheat crop for the 2020-21 marketing year was boosted by 5% due to high wheat prices during the 2019-20 marketing year. A rise in wheat prices were in response to the coronavirus causing panic buying. The USDA forecasts Serbia’s wheat production to total 2.6 million tonnes for the 2020-21 marketing year, securing enough for domestic demand and 1.2 million for exports.