Morocco extends wheat import duty suspension

08/05/2020,

On 7 May 2020, the Government approved the extension of the 35 percent import duty exemption on soft wheat until 31 December 2020. This follows a previous extension, approved on 27 March, that revised the end date of the duty suspension from 30 April (FPMA Food Policies) to 15 June. Import duties are periodically adjusted depending on the supply/demand situation in the country. Wheat production in 2020 is forecast to decrease from 4.1 million tonnes gathered last year to 3 million tonnes, a decline of almost 50 percent compared to the average (GIEWS Country Brief). Domestic crop production varies markedly from year to year because of significant rainfall variations. The reduced import duty aims to ensure regular supplies of good-quality wheat from the international market and prevent price hikes of non-subsidized wheat products.

Country: Morocco