Morocco braces for higher wheat import costs as global reserves hit decade low

256.2 million tons for the 2025/2026 campaign, a critical threshold not seen since 2016/2017. This tightening supply situation stems from disappointing harvests across major producing regions including Europe, Russia, and Ukraine. Global wheat production is estimated at 789.8 million tons, down 2.1 million tons from July projections, while consumption remains robust at 801.6 million tons. This widening gap between supply and demand is creating upward pressure on international prices, particularly affecting import-dependent nations. For Morocco, where bread remains a dietary staple and wheat accounts for over half of cereal consumption, the implications are significant. The kingdom already imports more than 50% of its wheat requirements, with USDA projections indicating imports could reach 7.5 million tons in 2025/2026, up from the previous campaign. Recent trade data from Morocco’s National Federation of Cereal and Legume Traders shows evolving import patterns. Between January and ...