"No reason for price hikes in fall"
BELGRADE -- Rasim Ljajić has said that he does not expect price hikes starting in the fall despite the damage the severe floods caused to the field of agriculture.
“We will have wheat and corn enough for exports, and good sunflower and fruit yields,” the minister of trade said in an interview to Tanjug.
BELGRADE - Serbian Minister of Trade, Tourism and Telecommunications Rasim Ljajic has said that he does not expect price hikes as of this autumn despite the damage that the recent severe floods caused to the field of agriculture.
The heavy rain has ruined around 250 000 decares of wheat area, according to Bulgarian Agriculture Minister Dimitar Grekov.
In a Sunday interview for the Bulgarian National Radio, Grekov announced that Bulgaria had anticipated a harvest of 5 million tons of bread wheat, the best yield in 8-9 years, prior to the floods.
BELGRADE - Between three and four percent of arable land in Serbia was covered in water in the recent floods, but there will be enough food for the country's needs, while wheat will even be exported, head of the association of cereal farmers and exporters Zita Srbije Vukosav Sakovic told Tanjug on Friday.
Grain producers in Bulgaria expect 15-20% less crops due to the recent heavy rainfalls which will also affect the prices of wheat and cereal.
Bread producers are worried that the rains will worsen the quality of wheat which will raise the production costs due to the need to use ingredient substitutions, NovaTv reports.