Morocco: These are the reasons for the high prices of cereals and legumes in the market

Published 2022년 2월 13일

Tridge summary

The article highlights the significant rise in prices of grains and legumes in Morocco's wholesale markets, with both local and imported products experiencing increased costs. The price surge is attributed to both global market trends and local climatic conditions. The government has responded by suspending customs duties for hard and soft wheat since November 2021 and providing additional compensation to suppliers to stabilize prices. Despite these measures, the cost of durum wheat has continued to escalate. The article also notes that the import of soft wheat varies, with 80% of hard wheat imports originating from Canada.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

And according to what Le360 camera had seen in the wholesale market for grains and legumes in Casablanca, despite the abundance of products, the prices of these materials experienced significant increases, which traders attributed to two main factors, namely, the high prices in the international market for imported products, then the lack of rain and drought in relation to the local products. According to the statements of grain and cotton traders to Le360, the price of local wheat reached 550 dirhams per quintal, after its price ranged between 380 dirhams and 400 per quintal, while the price of imported wheat rose from 400 dirhams per quintal to 750 dirhams per quintal. The increases in wheat prices were reflected in all foodstuffs that contain ingredients, such as pastries, which increased between 2,50 and 3 dirhams per kilogram in wholesale markets. As for Al-Qatani, it has known increases in some types, such as chickpeas and lentils, ranging between two and four dirhams per ...
Source: Le 360

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