AreaMorocco

Commodity GroupGrains

CommodityWheat

Date01/02/2022

Policy CategoryConsumption and marketing

Policy InstrumentGovernment market intervention

DescriptionReinstated a restitution system intended to keep common wheat prices below USD 270 per tonne. The baseline price is calculated every two weeks and is based on prices assessed from four origins (the United States, France, Argentina, the Russian Federation and Ukraine). The restitution system is valid until 30 June 2022. The Government of Morocco has set this measure in response to rising wheat prices due to the conflict in Ukraine and a surge in shipping costs in recent months.