Morocco Turns to Olive Oil Imports as Drought Slashes Production, Drives Up Prices

Importing is the solution found by the Moroccan government to resolve the crisis shaking the olive oil sector. Local production has dramatically dropped this year, causing a rise in olive oil prices. Olive oil prices have exceeded 150 dirhams per liter in some regions, thus increasing pressure on consumers and the economy.

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According to sources from the Ministry of Agriculture and Maritime Fisheries, imports will begin shortly in order to lower prices and meet growing domestic demand. This measure aims to "ensure the availability of olive oil at affordable prices on domestic markets" in difficult climatic conditions, said a well-informed government source.

And to add: the government is also working on long-term strategies to strengthen local production by improving agricultural infrastructure and increasing investments in the olive oil sector, but it is currently necessary to bridge the gap through imports to ensure market stability and ensure access to products for consumers at affordable prices.

Importing will help calm prices that have reached record levels due to the lack of local supply, hope industry professionals.