Morocco will continue to subsidize imports of milling wheat until April 2025.

Published 2024년 12월 17일

Tridge summary

Morocco will continue its flour wheat imports subsidies until the end of April 2025, as a result of drought affecting its own crop yields. This extension, announced by the National Office of Cereals and Legumes (ONICL), aims to ensure a steady supply of raw materials for flour millers until the next harvest. Both the European Union and Russia are significant suppliers to Morocco's wheat market. The decision to maintain subsidies despite past market protection measures highlights Morocco's reliance on imports and the growing influence of Black Sea wheat, with Russia potentially becoming the leading supplier for the 2024/2025 season.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Morocco’s National Office of Cereals and Legumes (ONICL) said that subsidies on flour wheat imports will remain in place until the end of April 2025. This was reported by Reuters. Morocco has been forced to import wheat as its own crop has been affected by drought. Morocco has been importing wheat in large volumes for the past two years after a string of poor harvests, making the country a major market for the European Union and an important market for Russia. The decision to extend the subsidy, which was in effect until December, was made by Morocco’s finance and agriculture ministries. ONICL will outline more details later, the agency said in a statement on its website. In the past, Morocco has closed its market to imports in crop years for several months to protect its own farmers. But the import window has been open throughout 2024. Extending the subsidy will keep a steady flow of raw materials for flour millers until the next harvest begins. France has been Morocco’s leading ...

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