Morocco: The Minister of Agriculture reveals the reasons for the rise in olive oil prices
Sustainability & Environmental Impact
Market & Price Trends
Published Nov 22, 2023
The Minister of Agriculture, Fisheries, Water and Forests in Morocco, Mohamed Seddiqi, has attributed the decline in olive production to factors such as drought, heat waves, and "tabouri," which have resulted in an increase in olive oil prices. He highlighted that olive cultivation covers a significant portion of fruit tree areas in Morocco, providing employment for over 200,000 people annually. This year's olive production is expected to reach 1.7 million tons, 44% lower than the 2021 production, prompting the government to implement licensing for olive exports to ensure domestic supply and control price hikes.
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The Minister of Agriculture, Fisheries, Water and Forests, Mohamed Seddiqi, stated that among the reasons for the decline in olive production is the continued drought, heat wave and “tabouri”, which led to an increase in olive oil prices. Al-Siddiqi explained during the oral question session in the House of Representatives, Monday, November 20, that olive cultivation covers 68 percent of the area of fruit trees in Morocco and provides more than 50 million working days annually, equivalent to 200,000 permanent jobs. The government official pointed out that the expected production of olives this year will reach about 1.7 million tons, which is the same level as last year, a decrease of 44 percent compared to the production of 2021, when production then reached 2 million tons. Al-Siddiqi confirmed that the government decided to subject the export of olives and all its derivatives to licensing until December 31, 2024, meaning that the export will be in exchange for a license, to ...