Morocco poised to become top wheat importer due to drastic production decline

Published Jun 21, 2024

Tridge summary

Morocco is set to become one of the world's top six wheat importers in 2024 due to a significant drop in domestic production, which is expected to fall 40% lower than the previous year, resulting in a harvest of only 2.5 million tonnes. This has been attributed to rainfall deficits and high temperatures in North Africa. As a result, the country's wheat imports are projected to increase by 19% to 7.5 million tonnes. The FAO expects that overall wheat production globally will see a slight decrease of 0.1% in 2024, with the majority of the decline coming from the European Union, Ukraine, Turkey, and the United Kingdom. The increase in import demand and unfavorable weather conditions could lead to higher import costs, and the Moroccan government may need to intervene to ensure sufficient domestic wheat supplies and stabilize market prices.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This decrease is expected to propel Morocco to become one of the world’s top six wheat importers by year’s end. According to the FAO report, Morocco’s wheat imports are anticipated to rise by 19% in 2024, reaching 7.5 million tonnes. This surge stems primarily from a drastic drop in domestic production, estimated at approximately 40% lower compared to the previous year. Consequently, the national wheat harvest is projected to fall below average, settling at around 2.5 million tonnes. This substantial increase in import demand positions Morocco to become the world’s sixth-largest wheat importer. Morocco’s import growth is expected to be a key driver of the rising wheat import demand across Africa, which is forecasted to reach a record 55.6 million tonnes in 2024. The FAO report attributes the decline in wheat harvest across North Africa, including Morocco, to significant rainfall deficits and high temperatures that damaged crops. While wheat production in Algeria is expected to ...
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