The Serbian government decided on Wednesday to allow the free export of flour, lifting its export ban introduced over the Ukraine crisis.
A government statement said the market was well supplied with flour and wheat, adding that exports can’t jeopardize supplies. It said that the exports will free storage space for the new harvest and maintain supplies to markets in the region.
The government also allowed bakers to raise bread prices by 3 Dinars a loaf, to 49 Dinars.
“The decision will have multiple positive economic effects on the domestic market and will lead to greater use of domestic processing capacities and allow mills to accumulate the finances needed to buy the new harvest,” it said.
The government decided to limit exports of basic agricultural products at monthly level following the Russian invasion of Ukraine.