
Global Cereal Prices Surge 41%, Driving Up Bread Costs in Morocco
The surge in bread prices in Morocco would be the direct consequence of the global market situation according to FAO experts. Here are some explanations.

The surge in bread prices in Morocco would be the direct consequence of the global market situation according to FAO experts. Here are some explanations.

Tons of dates unfit for consumption were seized this week in Marrakech. Informed, the National Office of Sanitary Safety of Food Products (ONSSA) proceeded with their destruction and an investigation was opened to identify the responsible parties and take appropriate measures.

Rice, tea, cooking oil , milk, coffee and durum wheat bread... the list of products whose prices are rising is very long. A situation that would be attributable to the evolution of world prices according to the specialists. However, voices are being raised to denounce the profit margins of traders who are taking advantage of the situation to drive up prices.

The consumer price index (CPI) experienced an increase of 2.2% in July compared to the same month last year.

Morocco’s energy bill has dropped considerably in 2020. This emerges from the annual report on foreign trade for the year 2020, carried out by the Office des Changes .

Moroccans have to pay twice as much as in 2020 to buy the sheep for Eid Al-Adha . In the markets, sellers and buyers are having a hard time agreeing on prices.

The economy is in the doldrums in Ceuta . The main activities are suffocated in favor of the fight against illegal immigration. The halt in smuggling, tourism, and food have plunged the inhabitants of the enclave into despair.

Large-cap Moroccan companies, such as Cosumar and the Société Métallurgique d’Imiter (SMI), will benefit from the current rise in commodity prices despite the fact that the situation is unfavorable for many companies around the world. This is revealed in a recent analysis by the Attijari Global Research research center.

Watermelon producers and sellers in Morocco are having trouble selling their goods. Recent social media posts reporting various anomalies (genetically modified seeds, abnormally red, less sweet, grainy fruit, presence of contaminants, preservatives...) would be at the root of this disaffection suffered for this fruit, however very popular in the summer season.

In the markets of the kingdom, the price of poultry has suddenly increased by 2 to 3 dirhams per kilo . The authorization of wedding celebrations following the easing of restrictive measures would be at the origin of this sudden increase.

The Nigerian authorities have reiterated their willingness to make the gas pipeline project linking Nigeria and Morocco a reality. This announcement was made by Yusuf Usman, Managing Director of the Nigerian National Petroleum Corporation (NNPC) in a Nigerian daily.

The Valencian Association of Farmers (AVA-ASAJA) denounces the entry into the EU market of Moroccan avocados containing a harmful phytosanitary substance, and therefore prohibited.