Rabat, July 31 - Morocco will open, as of August 16, the market to tender wheat import, by lifting customs duties in a bid to maintain a normal supply of this product on the national market, Agriculture and Fisheries Ministry said on Thursday.
According to a press release of the ministry, the government has decided to allow stock agencies to sell the wheat collected between August 16 and 31 to the inter-professional National Office of Cereals and Leguminous (ONICL) at a benchmark price of Mad 300/quintal all charges included.
The government will also take charge of the transport costs of tender wheat from these agencies to the industrial mills, and will offer a warehousing allowance for cereals until they are sold out, the same source added.
Up to July 22, Morocco has yielded 7.6 mln quintals of tender wheat, i.e. a 27% drop as compared to the five-year average, reads the document, noting that the available domestic stocks of wheat are estimated to more than 9 mln quintals, which can cover the needs of industrial mills for about 3 months.
These measures come to strengthen previous arrangements that aim to make up to the soaring rise in prices of footstuffs worldwide.
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