Serbia lifts export ban on wheat and vegetable oil

Published 2022년 7월 22일

Tridge summary

The Serbian government has lifted the ban on wheat exports and set a quota for the export of edible vegetable oil. The decision was made after an analysis of the current wheat stocks following the harvest. The government has also approved the export of 4,000 tons of refined sunflower oil. Serbia is in a position to share its food surplus with neighboring countries, as it has enough food to meet its needs and then some. The wheat harvest for this year is projected to exceed 3 million tons.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Serbian government lifted the ban on the export of wheat and approved a quota for the export of edible vegetable oil, the Ministry of Agriculture, Forestry and Water Management of the country said. In early July, the Serbian government decided to purchase 131,000 tons of wheat from the new crop from domestic producers and place it in the food reserve. "At a meeting of the Serbian government (Thursday - ed.), a decision was made to lift the measure to ban the export of wheat and corn. This decision was made as a result of an analysis of the current situation and wheat stocks after the harvest. Free export will remain in force until the beginning of autumn, when a new assessment of the condition and total stocks of key grains, and in accordance with this, further steps will be taken," the Serbian Ministry of Agriculture said. "Also, at a meeting of the Cabinet of Ministers, a decision was made to approve the export of 4,000 tons of draft refined sunflower oil," the ministry's ...
Source: Oilworld

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.