Morocco opens the door to importing Brazilian olive oil amid high prices of local products

Published 2024년 11월 8일

Tridge summary

The Brazilian Ministry of Agriculture and Livestock has obtained a license to export Brazilian olive oil to Morocco, adding to a previous license to export dried distillation grains. Morocco was the third main destination for Brazilian agricultural exports to Africa last year, with a value of approximately 1.23 billion US dollars. The opening of the Moroccan market to Brazilian olive oil is seen as having diplomatic significance and is expected to enhance competitiveness in the Moroccan market, despite the higher cost of importing olive oil from Brazil.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Brazilian Ministry of Agriculture and Livestock announced that it had obtained a license from Rabat to export Brazilian olive oil to the Moroccan market, noting that "this license is in addition to another license obtained last September, to export dried distillation grains (DDG or DDGS) from Brazil to Morocco." The same source stated that Morocco was, during the past year, the third main destination for Brazilian agricultural exports to the African continent, with a value of approximately 1.23 billion US dollars. During the period from January to September of this year, the value of these exports exceeded 900 million dollars. The Brazilian Ministry of Agriculture and Livestock explained that the opening of Moroccan markets to Brazilian olive oil was achieved thanks to the joint work between the Ministries of Agriculture and Foreign Affairs in the two countries. In this regard, some agricultural experts believe that "Morocco's opening of its markets to Brazilian olive oil ...
Source: Kech24.ua

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