Source: RTS | Monday, 29.11.2021.| 15:30
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Following Bread, Meat Prices Might be Capped Too

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Illustration (Photo: racorn/shutterstock.com)
Since last week, bread producers have been applying for flour supplies from the goods reserves at subsidized prices of 33 dinars with the VAT. After two years, the state has re-activated the Decree on the Mandatory Production and Sale of Bread Made of T-500 Flour. Bakers have to make this kind of bread at a rate of at least 30%, and the loaf price will be capped at 46 dinars in the next six months.

The intervention amounts to 30 tons of wheat, making for around 20 tons of flour, and the updated data is sent every week to the Directorate for Goods Reserves of the Republic of Serbia, said the state secretary at the Ministry of Trade, Uros Kandic.

When it comes to the meat price increase, Kandic says that it amounts to 15-30% and that one of the measures that is being considered is an intervention with meat from the goods reserves.

– The capping of both production and trading prices is being considered as well. The state is able to cap the prices for six months, but the state’s intention is not to interfere with the market too much, because that is not good, as it leads to shortages and the creation of a black market – Kandic emphasized.

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