Serbia: Grain Production Improves
5 April 2007 Area planted to wheat in Serbia in 2007/08 is estimated at 556,000 hectares (Ha), up 3% from a year ago, while total production is projected at 2.1 million metric tons (MMT), an increase of 12% over last year. Local wheat prices rose sharply during most of 2006 and 2007, with year-to-year increases estimated at 56%.
Corn planting intentions for 2007/08 are estimated at 1.3 million Ha, with total production projected at 6.63 MMT. Local corn prices increased drastically in 2006 and early 2007, with year-to-year increases estimated at 64%.
A Hungarian-U.S. consortium has announced its intention to build an ethanol plant in the town of Zrenjanin in northern Serbia with production capacity of 680,000 tons of fuel ethanol that will use wheat and corn as feedstock. The state-of-the-art facility is to be completed by the end of 2009 and could process up to one million tons of wheat and 500,000 tons of corn annually into ethanol. It will also produce about 400,000 tons of animal feed (distilled dry grain) and 100,000 tons of organic fertilizer.
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