Serbia has introduced a “temporary” ban on the export of certain food commodities, becoming the latest country to introduce curbs after Russia’s invasion of Ukraine sparked spikes in prices.

Belgrade has decided to halt the export of what it calls “basic agricultural food products important to the population” – wheat grain, wheat flour, corn, groats and sunflower oil.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Serbian government said it had made the move “to respond in a timely manner to market disturbances and growing demand, both worldwide and domestic”.

The war in Ukraine, which has been known as the breadbasket of Europe, has pushed up the prices of a series of commodities.

According to the UN’s Food and Agriculture Organization, either Russia or Ukraine (or both) ranked among the top three global exporters of wheat, maize, rapeseed, sunflower seeds and sunflower oil in 2021. Russia is also the world’s top exporter of nitrogen fertilizers and the second-leading supplier of potassic and phosphorous fertilizers, FAO data shows.

Earlier this week, Ukraine decided to suspend the exports of certain agricultural commodities and introduce licences on the shipments of others out of the war-hit country.

Hungary has announced new controls on its exports of a range of commodities, including wheat, maize and soybeans.

In Asia, Indonesia announced plans to put restrictions on the trading of palm oil grown in the country. Exporters will have to keep back 30% of their volume for the Indonesian market, up from the current quota of 20%.

Just Food analysis: Ukraine-driven food inflation risks eroding Covid savings buffer for consumers


For more on Just Food's coverage on how the conflict in Ukraine is affecting the food industry, please visit our dedicated microsite.