Morocco’s Olive Oil Prices Surge 80% Amid Severe Drought Crisis

13 November 2023 – byPrince · 1 min read

From 50 dirhams in 2021 and 2022, the price of a liter of olive oil has reached 90 dirhams in the Marrakech Safi region, an increase of nearly 40%. The measure to restrict exports of certain varieties, taken by the government, has had no effect on prices.

The rise in the price of olive oil, a product highly prized by Moroccans, is due to the severe drought that has hit Morocco over the past two years. "The drought is total. Of course, we don’t want to raise prices, but the lack of rainfall and drought have led to this increase in costs," explains to Hespress an olive oil producer located on the roa

Category: Morocco

Keywords:

Price Consumption Ministry of Agriculture and Maritime Fishing Olive oil