Morocco to Import 2 MT of Wheat in Q4 2023 to Alleviate Drought Impact
Morocco has decided to import 2 million tons of soft wheat between Oct. 1 and Dec. 31 to alleviate the impact of drought which has affected the country’s crops product.
The decision has been announced lately by the Kingdom’s state-owned grains agency after receiving the nod from the ministries of finance and agriculture.
The import of wheat during this year’s fourth quarter will be subsidized. The European Union remains the main supplier of the North African Kingdom with 1.2 million tons of soft wheat shipped by mid-September.
According to Morocco’s central bank forecast, the country’s cereal harvest is expected to stand at 5.5 million tons this year, up from 3.4 last year.
In order to encourage stock building, the Moroccan government will continue wheat and barley import duties at zero until December 31, 2023.