Serbia has allowed flour exports since May 15th

Published 2022년 5월 13일

Tridge summary

The Serbian government has lifted the ban on the export of flour, but has implemented monthly quotas on the export of certain commodities such as wheat, corn, and sunflower oil. This decision is aimed at preserving the domestic supply of these products and maintaining traditional export markets. The head of the Serbian Wheat Association believes that the government's decision was necessary to control the rise in prices of agricultural products on the domestic market and believes that the quotas are a positive step. However, she believes that the procedures for issuing export licenses need to be simplified and that the quotas for the new harvest need to be adjusted. The export ban had previously damaged Serbia's economy and relations with foreign buyers, leading to a decrease in contract numbers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Serbian government has adopted an addendum to the decision to temporarily restrict basic foodstuffs and agricultural products of great importance to the population, and introduced quantitative restrictions on exports on a monthly basis for certain commodities and products, local Agro TV reported. The supply of flour and wheat on the domestic market is good and the free export of flour is not in a position to threaten it, while allowing the silos to be emptied to accept the new harvest, according to the Serbian government. At the same time, the release of exports will help preserve traditional markets, given that Serbia is a traditional exporter of flour to countries in the region, they added. Taking into account the sufficient available quantities of flour and wheat, the free export of flour will have many positive economic effects on the domestic market, increase employment in processing plants and provide opportunities for mills to accumulate financial resources needed for ...

Source: Sinor