Moroccan Olive Oil Prices Surge: Experts Predict Costs to Exceed 120 Dirhams per Liter

Olive prices will continue to skyrocket. Sold at 10 DH during the pressing, the kilo of olive goes up to between 14 and 15 dirhams. This price increase is explained by the insufficient oil content obtained during the pressing, "despite a relatively satisfactory production level of the irrigated orchards". Prices should thus remain between 90 and 100 dirhams per liter throughout the month of December.

The harvest period is from November to January. Due to the unavailability of olive oil on the market, prices will have to rise further to cross the 100 to 120 dirhams/l mark, especially as the holy month of Ramadan (March) approaches. "Significant quantities are stored so that olive oil is sold at a higher price. Given the high prices, the consumer no longer stocks up in large quantities as before. In short, the stock is driving up prices," confides a professional in the sector to the daily Les Inspirations Éco.

The price increase is also justified by the resumption of exports, which had been suspended by the government due to low production. This measure aimed to curb the rise in prices on the local market. But the valuable exports, namely bottled oils and, in particular, extra virgin olive oil, have not yet resumed.