Morocco to import 20% of soft wheat needs from the US

decision to diversify suppliers follows a significant decline in international wheat prices, which are expected to remain low through the end of the year. This favorable market condition allows Morocco to secure wheat at lower costs, extend its national security stock, and reduce the financial burden on the state. The move also comes after France, Morocco’s traditional supplier, experienced a 30% drop in production in 2024 but is now anticipating a strong recovery in 2025. To capitalize on the current price trends, the Moroccan government has introduced storage incentives for importers. These incentives aim to encourage the private sector to stockpile up to 8 million quintals of soft wheat on behalf of the state, equivalent to two months of national consumption. With this new strategy, Morocco aims to build a national wheat reserve capable of covering up to six months of consumption, doubling the usual stock levels, Medias24 reported. Large-scale purchases are expected to begin in ...