News

Is Morocco losing its strategic wheat reserve?

Wheat
Published Feb 10, 2024

Tridge summary

Morocco is grappling with a shortage of grain and cotton stocks due to insufficient imports and drought. To address this, the National Grains and Cotton Office is subsidizing the storage of imported soft wheat and aims to provide 10 million quintals of it over the next three months. However, experts recommend a long-term national program for strategic stocks. Additionally, the country has exempted certain agricultural products from taxes to curb inflation and price increases. This comes as the country diversifies its wheat import markets and secures strategic stocks due to drought effects, which last year led to lower than expected grain production.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Al-Naman Al-Yalawi Morocco is facing an increasing shortage of grain and cotton stocks, while the imports received in recent months have not been sufficient, and therefore, the country’s strategic soft wheat stock is currently threatened. While the National Grains and Cotton Office draws a line of no less than six months to secure the national needs of this vital substance, the national stock remains slightly more than three months compared to the required six months. In order to restore this balance, the National Grains and Cotton Office published a circular providing support for the establishment of soft wheat stocks by importers. In an attempt to reduce the effects of the drought that the Kingdom of Morocco is suffering from, the National Office announced a package of measures related to grain storage in the Kingdom, within the framework of an import program to compensate for local production affected by the drought. The office explained that it is scheduled to support the ...
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