New Moroccan export quotas will halve tomato prices on the domestic market

Published 2023년 2월 24일

Tridge summary

Morocco has implemented export quotas on round and grape tomatoes to limit their exports to 10% of usual daily volumes, in an effort to control rising prices and boost local supplies ahead of Ramadan. This decision aims to protect local consumers from the impact of increased input costs, pest attacks, and droughts, which have affected Morocco's tomato production. However, these quotas could potentially worsen the already existing produce shortages in Europe, leading to rationing in some supermarkets. This measure, along with a recent ban on the export of certain produce to West Africa, is expected to decrease tomato prices in the local Moroccan market by over 50%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Morocco is imposing quotas on tomato exports in an effort to boost local supplies and lower prices ahead of the fasting month of Ramadan. Rising input prices, pest attacks, and repeated droughts have combined to hamper production at the world’s fourth-largest tomato shipper. However, the restrictions on Morocco’s packing factories could exacerbate the produce shortfalls that have already sparked rationing at some European supermarkets. The Moroccan government has decided to cut tomato exports to all foreign destinations through the application of a daily export quota, said Asmaa Baibane, export manager of BL Agri. Asmaa explained: "Packing stations and exporters were informed of this decision on Sunday, February 19, with an immediate effect for an undetermined period. Its aim is to protect Moroccan consumers from the rise in tomato prices. Exporters have been informed that new exportation quotas will remain effective until prices return to normal averages". The decision does not ...

Source: Hortidaily