Expert: Serbian Milk Market To Stabilize in October | Beta Briefing

Expert: Serbian Milk Market To Stabilize in October

Source: Beta
Archive / News | 08.09.22 | access_time 16:31

Milk (Photo: Wikimedia/Ludek)

The milk market in Serbia will be stabilized in October, as a result of either small or limited exports of milk, except for the Open Balkan countries where there will be no limitations at all, Mihailo Vesovic, director of the sector for strategic analyses, services and internationalization in the Serbian Chamber of Commerce said on Sept. 8.

"This situation is not just in Serbia. The lack of milk can be felt in all of Europe which is why prices are jumping. Poland, as a major producer, and even Bosnia and Herzegovina as well our neighborhood, from where we import a lot of milk, are not exporting at this time which is why there is a shortage of milk at the moment and we can expect the situation to settle and the shortage to balance out in a month or so," Vesovic told Serbian state TV.

Asked whether the price of dairy products would go up, he replied certainly, both locally and on the European market. He said that the price of energy and food would rise and that this would not stop this year, and that "this is a process that has irreversibly started in that direction, the question is only how to balance this reality with the reality of inflation and purchasing power."

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