Morocco increases grain imports by 16%

Published 2024년 11월 12일

Tridge summary

Morocco's grain imports increased by 16% from June 1 to October 31, 2024, compared to the same period last year, totaling 4,106.9 thousand tons, according to the National Federation of Grain and Pulses Traders (FNCL). The imports consisted of durum wheat and soft milling wheat, as well as feed raw materials like soybean meal, beet pulp, sunflower meal, wheat bran, and rapeseed meal. The decline in the country's own grain production, due to severe water shortages, is driving the need for higher imports. Despite the increased imports, FNCL anticipates that global market supply and the upcoming South American harvest may lead to a decrease in prices.

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

Original content

According to the National Federation of Grain and Pulses Traders (FNCL), from June 1 to October 31, 2024, Morocco imported 4,106.9 thousand tons of grain, which is 16% more than in the same period last year. This was reported by the Zerno On-Line agency with reference to Les Inspirations Eco. Durum wheat imports amounted to 363.3 thousand tons (+ 69% compared to the previous season), soft milling wheat - 1,953.1 thousand tons (+ 15%). Compared to the previous season, the volumes of feed raw material imports also increased - soybean meal, beet pulp, sunflower meal, wheat bran and rapeseed meal. Total feed imports increased by 18% to 1,040 thousand tons. The Kingdom's own grain production continues to decline, which is driving up imports. Moroccan farmers are currently experiencing a particularly difficult situation due to severe water shortages. A series of dry years has forced the Kingdom to reconsider its approaches to food security. "We continue to purchase products at the same ...

Source: Zol