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MOROCCO – Morocco’s National Interprofessional Office for Cereals and Legumes (ONICL) has announced that the country will offer subsidies to import soft wheat from the period of October 1 to December 31. According to ONICL, the Finance and Agriculture Ministries have already approved the import scheme noting that the subsidy details will be published in a separate note. The move…
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ALGERIA/MOROCCO -Algeria and Morocco, Africa’s key players in the wheat trade have abandoned French wheat for Russian wheat following increasingly deteriorating relations between the North Africa nations with France, the Ecofin Agency has reported. Alexandre Marie, chief analyst for Agritel (Argus Media France), told the agricultural news daily Terre-Net, on the sidelines of a conference organized in Paris on August 24…
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MOROCCO – After the worst drought in the 2021/2022, Morocco has announced a cereal production of 55.1 million quintals ( 5.51Mt) for the 2022-2023 agricultural season, marking a significant increase of 61.8% compared to the previous year. While this boost in production is a welcome sign, it still falls behind the nation’s normal output due to challenges posed by heat…
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CAMEROON – Four palm oil refiners are set to join the Cameroon edible oil industry marking a significant step forward in harnessing local resources for agricultural growth, according to the Oilseeds Refiners Association (ASROC). The monumental paradigm shift in palm oil is a result of an investment of more than CFAF50 billion (US482M) investment for an agro-industrial complex that became…
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MOROCCO – Morocco has launched a one-of-a-kind vegetable oil production plant in the industrial park of El Marsa in the province of Laâyoune, the southern region of the country. At a total investment of 190 million dirhams (US$52 million), the plant was inaugurated by El Moussaoui, the project’s investor on August 20, on the sidelines of the celebrations of the…
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MOROCCO – Morocco has has four months worth of soft wheat reserves, according to the head of the country’s National Federation of Mills Mr. Moulay Abdelkader Alaoui. Alaoui added that the stockpile would further be further boosted through the import of 25 million quintals of wheat as earlier communicated. Alaoui also commented on Morocco’s supply markets, stressing Russia’s importance as…
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MOROCCO – The National Interprofessional Office of Cereals and Legumes (ONICL), Morocco’s market watchdog for grains, has announced that it is revising down grain subsidies for imported wheat in a bid to incentivize wheat importers to turn to cost-efficient grain suppliers. In a statement, the watchdog explains that starting August 1, the baseline for issuing subsidies would be based on…
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MOROCCO – Forafric Global PLC, a leading Moroccan grain trader and processor, has acquired 90% of Societe Industrielle de Minoterie du Sud (SIMS), a soft wheat milling company with primary operations in Marrakesh for an undisclosed sum. In May this year, the Moroccan wheat milling giant expressed its intent to acquire a majority stake in SIMs by notifying the Competition Council…
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MOROCCO – In a bid to mitigate the adverse effects of drought on the agricultural sector, the government has set raft measures expected to provide a much-needed boost to Morocco’s agricultural industry, safeguarding food security and strengthening the economy. Recently, the government launched the ‘The Generation Green Plan 2020-2030’ initiative, a drive to achieve greater food security for cereal crops…
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MOROCCO – Morocco’s government has introduced a subsidy for the import of 2.5 million metric tonnes of soft wheat to bolster local supply which has dwindled due to a relentless drought that has plagued the country. According to Morocco News, the National Interprofessional Office of Cereals and Legumes (ONICL) released a circular providing that the subsidy program will support importers…
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