Morocco extends the suspension of tariffs to import cattle

Published 2023년 1월 31일

Tridge summary

The Moroccan government has extended its suspension of tariffs on cattle imports until the end of the year to address a shortage caused by drought and high livestock feed prices. This extension, first implemented in October, now applies to all cattle, regardless of weight. This measure is part of the government's efforts to reduce the significant increase in red meat prices, which reached 100 dirhams (9 euros) per kilo, a 43% rise from three months earlier. The extension of the suspension is aimed at mitigating the impact of rising inflation, expected to be around 4% in 2023, on the purchasing power of Moroccan families.

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Original content

The Government of Morocco decided to extend this Monday the suspension of tariffs on imports of all cattle regardless of their weight, to deal with the shortage of these animals due to the drought and lower the price of red meat in the Maghreb country The Customs and Excise Administration published a circular in which it extends the suspension of the collection of import duties applicable to cattle to all domestic cattle regardless of their weight. A measure that will be in force until December 31 of this year. This measure began to be applied since last October on animals weighing a minimum of 550 kilos with the aim of facing the consequences of the drought, the increase in the prices of livestock feed in international markets that generated an increase in costs of red meat production. Last Thursday, the government spokesman, Mustafa Baitas, stressed that the Executive took a series of measures to make it easier for importers to supply the national market with red meat. The price ...

Source: Agrodiario