Morocco to prolong wheat import campaign in January-April
Morocco will offer subsidies to import up to 2.5 million metric tons of soft wheat between Jan. 1 and April 30, 2024, state grains agency ONICL said, as the North African country pursues an import programme to offset drought-affected local production.
The January to April import scheme was approved by Morocco’s finance and agriculture ministries, with subsidy details to be published separately, ONICL said in a note on its website.
After drought reduced its domestic wheat crop for a second year, Morocco launched an import programme for the 2023/24 season covering up to 2.5 million tons for July to September, followed by a second round for October to December allowing up to 2 million tons.
Traders had expected the import campaign to continue after shipments so far this season lagged volumes available under the subsidy schemes, and with low rainfall again creating uncertainty about Morocco’s next harvest.
Read also
Join with the EARLY RATE – 22 International Conference BLACK SEA GRAIN.EUROP...
Ukraine has already exported 80% of the forecasted volume of rapeseed
Australia increased wheat exports by 20% in October
Palm oil prices fell by 5.4% despite lower forecasts for production, exports and s...
Ukrainian ports handled over 90 mln tons of cargo since the beginning of the year
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon