“There is a huge surplus of flour, we don’t know what to do with it, and the prices have never been better and it is an opportunity for millers to make money. That is why we are asking for the decision on the ban to be revoked immediately,” said Sajatovic.
He added that Montenegro and BiH do not even have commodity reserves of flour and that there is a possibility that Serbia will lose traditional buyers because some embassies have already appeared in those countries, ready to help them provide flour.
Yesterday, the Government of Serbia made a decision that immediately came into force to ban the export of flour, wheat, corn and edible oil.
Šajatović said that, when the trust of customers is lost, it is difficult to regain it, and if it is regained, it will not be without certain damage.
He pointed out that when such a decision was made, due to the corona virus about two years ago, it was immediately abolished and that the surpluses were sold out then, because the export of flour was twice as high as before the ban.
Šajatović said that the buyers of flour heard about the ban ten days ago and that they agreed on the purchase and paid in advance, and that now there is “chaos” in the mills because the trucks came for the goods.
Buyers, he said, because of the concluded, international, contracts, have the right to request international arbitration in seven days and will surely win the dispute, and the mills will have to pay “penalties”.
“There is a new harvest in three or four months, and I don’t know who will buy wheat if the mills don’t have the money to buy it,” said Sajatovic.
He added that Serbia has huge capacities in the mill industry, intended for the former Yugoslavia, and that they cannot be used now because they have no one to sell flour to.