Last Friday, the Moroccan government promised grants for the processing of locally produced crops. Imported grain is not included.
Mueller in the North African country pay in the state warehouses also less storage money, which is also subsidized, as long as it is local wheat.
The reference price for the standard quality of common wheat has been set at 280 dirhams per 100 kg. The price is valid from 16 May to 15 October 2018.
Last week, the Rabat government lifted import duties on common wheat from 30% to 135% to reduce imports. This measure will apply from the date of publication in the Government Bulletin and shall apply until 31 October 2018.
Morocco's grain harvest is expected to reach 9.82 million tonnes in 2018, as in the previous year. It includes 4.81 million tonnes of common wheat, 2.28 million tonnes of durum wheat and 2.73 million tonnes of barley.
In mid-April, inventories were estimated at 1.6 million tonnes; That's enough to meet the needs of local mill operations for four months.
In 2017, Morocco imported 4.2 million tonnes of common wheat, 2.1 million tonnes of corn and 850 tonnes.000 tons of durum wheat, as well as 440,000 tons of barley.
Text: HANSA Derivatives Trading GmbH /
