Wheat stocks in Morocco last only three months

Published Mar 22, 2023

Tridge summary

Morocco's soft wheat stocks are sufficient to cover domestic demand for only three months, according to Finance Minister Nadia Fettah Alawi, due to high prices and low domestic production. The country, a major grain importer, relies heavily on foreign supplies, primarily from France, and has seen a significant increase in subsidies for imported wheat and other goods due to rising global prices. The ongoing drought is expected to further strain the country's grain harvest, potentially increasing the burden on the budget.

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Original content

Moroccan stocks of soft wheat can only meet domestic demand for three months, Finance Minister Nadia Fettah Alawi said. This is reported by the Grain On-Line agency with reference to the Reuters agency. In March last year, wheat stocks lasted five months, and the Minister of Agriculture promised to create additional reserves. "Inventory buildup was hampered by high prices and low domestic production last season," he said. Hard wheat stocks are enough to cover two months of Morocco's needs, the minister told a parliamentary committee on 21 March. Morocco is a major grain importer and supplies almost half of domestic wheat consumption from abroad. In the last decade, it has imported an average of 3 million tons of soft wheat per year. The main supplier of wheat to the Kingdom is France. Russia exported 432 tons of soft wheat to Morocco this season, and 504 thousand tons in the 2019/2020 season. Cereal crops in Morocco have been affected by drought this year. The Central Bank of the ...

Source: Zol