Morocco to extend wheat import subsidies until end of year

Morocco will extend its current soft wheat import subsidy program until December 31, as the drought-hit country will have to import throughout the year, Morocco’s National Cereals and Pulses Office (ONICL) said.

Until April 30, importers receive a one-time payment equal to the difference between the average monthly cost of wheat at the port and the price of 270 Moroccan dirhams per quintal ($281.3/t).

The new round of import subsidies will run from May 1 to December 31. Details will be announced later.

Tags: wheat, imports, Morocco, subsidies