Morocco to Import 2 MT of Wheat in Q4 2023 to Alleviate Drought Impact – The North Africa Post
Morocco has determined to import 2 million tons of soppy wheat between Oct. 1 and Dec. 31 to alleviate the affect of drought which has affected the nation’s crops product.
The choice has been introduced recently by the Kingdom’s state-owned grains company after receiving the nod from the ministries of finance and agriculture.
The import of wheat throughout this 12 months’s fourth quarter shall be sponsored. The European Union stays the principle provider of the North African Kingdom with 1.2 million tons of soppy wheat shipped by mid-September.
In keeping with Morocco’s central financial institution forecast, the nation’s cereal harvest is anticipated to face at 5.5 million tons this 12 months, up from 3.4 final 12 months.
As a way to encourage inventory constructing, the Moroccan authorities will proceed wheat and barley import duties at zero till December 31, 2023.
Supply: north africa post