Morocco reintroduces import duty on wheat
Morocco has temporarily reinstated import duties on soft milling wheat in anticipation of one of the largest harvests in recent years, Morocco World News reported.
Thanks to increased rainfall, Morocco is on track to harvest a good grain harvest this year – nearly 9 million tons, according to official forecasts. Therefore, the government is seeking to encourage millers to purchase wheat from Moroccan farmers instead of importing it.
The new import restriction system involves a two-stage approach. During the first stage, from June to July, a full import duty (170%) will apply, creating a significant barrier to wheat imports and giving local producers priority access to the domestic market. In the second stage, beginning August 1, the import duty will be suspended, and a zero rate will return.
The decision to reinstate the duty is part of a broader program to support farmers’ incomes and strengthen the national grain market.
The government views this as a balance between supporting domestic agriculture and maintaining market stability. While farmers benefit from the protective tariff during the harvest, authorities are also keen to avoid supply disruptions and excessive price pressure later in the year.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Syria increases corn production by 42%, but import dependence persists
Russian rapeseed oil increases pressure on Kazakhstan’s oilseed market
France accelerates winter grain sowing and completes corn harvest
Argentina’s new-crop soybean sales remain more than 50% below last year̵...
Shift of Russian grain exports to northern ports raises logistics costs by $18–25 ...
Write to us
Our manager will contact you soon