Morocco: New increases in sugar prices come into effect

New data revealed that new increases in the prices of types of sugar, such as “block,” “salad,” and granulated sugar, were introduced, according to the amendments approved in the Finance Law of 2024, which took effect on January 1 of this year. This decision was taken based on the initiative of the Minister of Economy and Finance, Nadia Fattah Al-Alawi, in which the prices and maximum profit margins for the sale of refined sugar were set at all marketing stages, according to the official text published in the Official Gazette. Regarding the prices of “sugar blocks”, they were set at 5.0548 dirhams per kilogram, an increase of 0.5 dirhams compared to the previous price, which was 4.5548 dirhams. As for the price of high-grade granulated sugar powder, it rose to 4.1565 dirhams per kilogram, an increase of 2.5 dirhams from the previous price. Regarding the prices of granulated sugar presented in bags, the increase came as the price of granulated sugar powder for 5-kg bags was set at ...