Serbia: The harvest is approaching, silos are overflowing

Published 2022년 6월 17일

Tridge summary

Serbia's agricultural wholesalers are facing challenges in storing and exporting crops due to government-imposed export quotas and large stocks from the previous year. The country has over 1.85 million tons of wheat, 800 thousand tons of maize, and significant amounts of oil still in storage, causing liquidity issues and concerns about pest damage. The current export ban on sunflower oil and low purchase prices for wheat have led to farmer protests. The government maintains that the market determines the wheat price, but the Stig Farmers' Association is calling for the lifting of the export ban to allow for fair earnings.

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

Original content

Serbia's wheat, maize and oil crops wholesalers have not managed to clean their storage capacity and make room for grain and wheat from the current crop harvest due to government-imposed export quotas, said Sunčica Savović, Director of the Serbia Grains Association. ms. Savović stated for Beta news agency that 900 thousand tons of wheat from last year are still left for export. "This year Serbia will have record amounts of wheat in storages, up to 700 thousand tons since certain amounts will be exported to Italy, Albania and Macedonia on the basis of June export quotas.” Sunčica Savović added that some 800 thousand metric tons of maize still remained for export and that the storage facilities are full with refined and unrefined oil. The June quotas for wheat and maize have remained at the same level, and the export of sunflower oil has been banned again. "Huge quantities of last year's crops stored in warehouses present blocked money thus the liquidity of the companies is low and ...

Source: Agroberichtenbuitenland