Morocco
Moroccan Shoppers Favor Local Grocers Over E-Commerce During Lockdown, Survey Finds
Moroccan Internet users have the market and the grocery store over e-commerce during the lockdown. This is revealed by a Sunergia survey.
Topic
Consumption
Morocco
Moroccan Poultry Prices Surge Amid COVID-19 Crisis, Industry Reports Massive Losses
For a few days now and in certain regions of the Kingdom, you have to pay up to 20 dirhams to take a kilogram of chicken. An increase that the president of the Interprofessional Federation of the Poultry Sector (FISA), Youssef Alaoui, attributes to the crisis facing the sector during this pandemic period.
Morocco
Moroccan Consumer Prices Dip 0.3% in July, Food Costs Drive Decline
The consumer price index (CPI) in Morocco fell by 0.3% in July compared to the previous month. This variation is the result of the fall in the index of food products and the rise in the index of non-food products, explains the HCP in its information note on the CPI for July 2020.
Morocco
Drought Threatens Morocco's Grain Supply, Record Wheat Imports Expected
Morocco’s cereal harvest prospects for this year are not looking good. The reason is the low rainfall recorded until mid-April. The same goes for the harvests in neighboring countries. As a result, Morocco could make record purchases of cereals, particularly foreign wheat.
Morocco
Morocco Extends Wheat Import Duty Suspension to Ensure Food Security
The suspension of customs duties on soft wheat will be extended beyond June 15 in Morocco. The announcement was made by the Ministry of Agriculture.
Morocco
Morocco's Bank Lending Surges 5.3% to 918 Billion Dirhams in March
Bank loans recorded a 5.3% increase at the end of March, compared to a 4.2% increase the previous month, for a total amount of 918.48 billion dirhams.
Morocco
Moroccan Bank Lending Surges 5.3% in March, Driven by Business and Household Loans
In a note on the monetary statistics for March 2020, Bank Al-Maghrib (BAM) indicates that bank credit increased, year-on-year, by 5.3%, after 4.2% in February. This development also covers an increase in loans to the non-financial sector of 6.4% in March against 4.9%.
Morocco
Ramadan Consumer Credit Offers in Morocco Raise Concerns Over Hidden Costs
Financing companies are currently in full promotion mode. The Ramadan period is particularly suitable for this. But what is presented as an opportunity can turn out to be a financial abyss. Beware!
Morocco
Morocco's Economic Growth Slows to 0.7% in Q1 2020 Amid Poor Crop Yields
The most recent data collected by the High Commission for Planning up to April 20 show a more pronounced slowdown in activity during the first quarter of 2020, with economic growth receding to +0.7%, instead of +1.1% set on April 7, based on information collected up to March 31.
Morocco
Morocco Seizes 166 Tons of Unsafe Food Products Ahead of Ramadan
The inter-ministerial commission responsible for monitoring supply, prices and control operations, quality and prices, in its monitoring and regulation mission, detected and seized 166 tons of goods unfit for consumption.
Morocco
Morocco's IMF Credit Line Boosts Reserves, Covers 18 Days of Imports
The Precautionary and Liquidity Line (PLL) granted by the International Monetary Fund (IMF) to Morocco has only covered a few days of imports. According to Fouzia Zaaboul, Director of the Treasury, "the PLL drawdown strengthens our foreign exchange reserves by about 18 days of goods and services imports".
Morocco
Moroccan Consumers Shift to Online Shopping as Lockdown Reshapes Spending Habits
Lockdown requires, Moroccans are now getting used to shopping online, and doing without the purchase of non-essential goods and services. What will become of these new habits adopted due to the restrictive measures imposed to fight covid-19?