New subsidy system for soft wheat imports in Morocco

Published 2024년 12월 30일

Tridge summary

Morocco is set to implement a subsidy system for the import of soft bread wheat from January 1 to April 30, 2025, in response to poor harvests due to drought. The subsidy will support traders, cooperatives, and mills, providing financial assistance for the purchase of wheat for human consumption. The subsidy amount will be based on the price difference between the month's average wheat price and a fixed rate, capped at 300 Moroccan dirhams per ton. This subsidy is aimed at ensuring a steady supply of wheat for the milling industry until the next harvest.

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Original content

A new system of subsidies for the import of soft bread wheat will operate in Morocco for the period between January 1 and April 30, 2025, as part of joint actions by the country's ministries of economy and agriculture, the online publication Morocco World News reported. It will provide financial support to traders, cooperatives and mills that import soft wheat for the production of products for human consumption, but not for feed purposes. According to a statement published by the National Sectoral Office for Cereals and Legumes (ONICL) of Morocco, the specified importers will receive a one-time payment covering the difference between the average price of wheat at the port for the specific month (January, February, March and April) and 2,700 Moroccan dirhams ($267.55 at the current exchange rate – editor's note) per ton. The average price will be determined by the average of the 2 lowest prices of imported wheat from different countries (including Germany, Argentina, France and ...

Source: Sinor