Morocco Slashes Wheat Import Tariffs to Stabilize Domestic Market

Revised from 135%, the import duty on soft wheat and its derivatives will be replaced, from October 1, 2019, by a customs duty set at 35%.

The news was brought by the Minister, Government Spokesperson, Mustapha El Khalfi, during a press briefing held after the weekly meeting of the Council of Government.

The reduction of the import duty, applicable to soft wheat and its derivatives to 35%, will guarantee an import cost of around 260 Dhs/quintal, and ensure the supply of the domestic market.

The draft decree takes into account the national wheat stock available until the end of September 2019. A stock estimated at 10.5 million quintals, which could guarantee the normal supply of the domestic market.

The newspaper explains that the draft decree will also act on the evolution of prices on international markets in order to ensure the supply of the domestic market.