Serbia is closely following the impact of the Russian-Ukrainian crisis, especially because 80 percent of Serbia’s grain exports travel to the world via Black Sea ports. On March 10, Serbia banned exports of food products important for food stability. Specifically, Serbia banned exports of wheat, wheat flour, rye, corn, cornmeal, and sunflower oil all considered important to the nation’s food stability. On March 24, Serbia amended the decree to allow the export of wheat and corn but only as per contracts signed before original the export ban. The advantage for exports of wheat and corn will be given to the members of the Open Balkan Initiative (Albania and North Macedonia). Overall, MY2021/22 wheat production is estimated to be a record high of 3 MMT, and with domestic consumption of approximately 1.7 MMT, Serbia is estimated to have 1.6 MMT of wheat available for export. In MY2021/22, corn production was around 6 MMT that can meet domestic demand (4.6 MMT) and allow for 1.6 MMT of corn exports.