Lower forecasts for citrus exports to Morocco

Published 2024년 7월 10일

Tridge summary

The USDA FAS report reveals significant challenges for Morocco's citrus exports in the 2023-2024 season. Despite stable production forecasts, there are downwards revisions in export predictions due to factors such as geopolitical conflicts, increased competition, cost inflation, and market restrictions. Notably, tangerine exports are expected to decrease significantly, and orange juice exports are projected to see a drop. The industry also faces difficulties due to two seasons of low yields caused by high temperatures and drought, leading to abandoned orchards in Morocco's northeast. These challenges could greatly impact both exports and local production in the future.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In a recent biannual report, the Foreign Agricultural Service (USDA FAS) presented revised forecasts for Morocco's citrus exports for the 2023-2024 season. While production forecasts remain unchanged compared to the December 2023 annual report, notable changes have been made to export forecasts, highlighting the current challenges of the Moroccan citrus sector. The tangerine export forecast for 2023-24 has been revised downwards from 453,000 metric tonnes (MT) exported last year to 400,000 MT expected this year. This decrease can be explained by several factors, including major geopolitical events such as conflicts. Three main challenges were identified: 1. Cost inflation: Input prices and logistics costs have skyrocketed. 2. Restricted access to markets: The closure of the Suez Canal has complicated access to markets in the Middle East and Asia. 3. Increased competition: Morocco faces intense competition from countries like Spain, Chile and Turkey. Chile, in particular, has ...

Source: Agrimaroc