"Prices will certainly rise in Serbia as well": Time to ask government to lift ban on grain exports?

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President of the Serbian Chamber of Commerce (PKS) Marko Cadez says that Serbia has sufficient quantities flour, cooking oil and sugar and that it is time for business people to raise the issue of exports with the government, because there are no reasons for the restriction to remain in place.

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He stressed that the supply of the domestic market with grains and flour is stable and that no major shortage has occurred.

"There is flour, we have cooking oil and sugar. When you look at the stocks and the needs, I think it's time to reopen the issue with the government and ask to be able to export again," Cadez told RTS.

He assessed that prices will certainly increase in Serbia as well, but that it is good that Serbia is a food exporter and that it will not have any problems with that.

Speaking about the impact of the conflict in Ukraine on the economy, Cadez said that the biggest problem is its unpredictability, which makes it impossible for business people to plan their operations.

"You practically have to look for new markets from which to import. If you used to buy corrugated steel from Ukraine, now you don't have that," Cadez said.

He stated that he understood from conversations with companies that exporting to the Russian market is difficult, due to a number of problems exporters are facing, but that it is still possible.

"There can still be exports to the Russian market. From the people who are most present there, we hear that they had a big problem with the ruble crisis, but now we see that things are stabilizing," Cadez said.

(Telegraf Biznis)