Morocco to extend wheat import subsidies until end of year

Morocco will extend its soft wheat import subsidy program until the end of the year due to drought conditions making it necessary to import wheat throughout the year. From May 1 to December 31, importers will receive a one-time payment for the difference between the port's average monthly wheat cost and a fixed price of 270 Moroccan dirhams per quintal. More details will be announced later. The grain sector's development in the Black Sea and Danube region will be discussed at the 23 International Conference BLACK SEA GRAIN.KYIV, scheduled for April 24 in Kyiv.

Morocco will extend its current soft wheat import subsidy program until December 31, as the drought-hit country will have to import throughout the year, Morocco’s National Cereals and Pulses Office (ONICL) said. Until April 30, importers receive a one-time payment equal to the difference between the average monthly cost of wheat at the port and the price of 270 Moroccan dirhams per quintal ($281.3/t). The new round of import subsidies will run from May 1 to December 31. Details will be announced later. Further development of the grain sector in the Black Sea and Danube region ...