Morocco: Money and Business Table oil prices fall and return to pre-2022 levels

Table oil prices have recently recorded a noticeable decline. After reaching their peak two years ago, they have returned to their levels recorded before 2022. Bouazza El-Kharrati, President of the Moroccan University for Consumer Rights, said in a statement to the “Moroccan Sahara” that consumers had previously been educated that table oils were unnecessary and that an alternative could be found, which led to a decline in demand, and thus a decrease in companies’ sales by between 15 and 25 percent, and since “ The market is governed by the logic of supply and demand, and as demand declined, opposite to supply, prices declined in turn.” On the other hand, an actor in the sector told “Moroccan Sahara” that due to the current almost absolute dependency on imports to meet Morocco’s needs for oils, their price is linked to their price in international markets. Professionals believe that the global context affects the national market, highlighting in a study that since March 2020, the ...