Morocco imports almost all of its oilseed needs with a dependency rate of over 98% of raw materials from abroad, hence the increase in the price of table oil.
The increases are explained by several elements, including sea freight which has increased due to malfunctions in logistics networks, rising fuel prices, as well as unsuitable climatic conditions that have affected the production of some agricultural products.
Moreover, table oil is not the only product impacted by this global crisis, durum wheat prices have also recorded an increase of over 50%, and increases ranging between 51 and 69% in fuel. Durum wheat derivatives, such as semolina, couscous and pasta, have experienced remarkable increases.
Regarding the measures adopted to address the successive price increases, the document indicates that the continuous monitoring of prices and continuous monitoring of markets are among the most important mechanisms adopted to maintain price stability.
The government has also increased its commodity support budget from around 16 billion dirhams to 32 billion dirhams, with additional support for the price of imported soft wheat, which accounts for 80% of Moroccan household flour consumption, as well as direct support for transport professionals to mitigate the impact of rising fuel prices.
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