Morocco: Olive oil drops to 50 dirhams after a record harvest

This price correction is already effective in the national markets. In the Marrakech-Safi region and the large supermarkets in Casablanca, the price per liter now fluctuates between 50 and 85 dirhams, marking a 60% drop compared to the previous year when it reached peaks of 120 dirhams. This decline relieves households after two years of inflationary tension and revives trade.

The collapse of consumer prices is directly the result of the drop in the cost of the raw material. The kilogram of olives is negotiated at 5 dirhams at the source, compared to 13 to 15 dirhams in 2024. The Minister of Agriculture, Ahmed El Bouari, confirms that national production should double to reach 2 million tons, compared to less than 900,000 tons last year.

This turnaround is explained by favorable climatic conditions. The early-cycle rainfall, combined with moderate temperatures and the vegetative rest of the trees, have allowed for an exceptional increase in productivity. The crushing units are running at full capacity to rebuild stocks, suggesting a sustainable stabilization of prices in the coming months.