Reduction of the import duties on wheat in Morocco is favourable for the Black Sea exporters
According to the market operators, the Government of the Kingdom of Morocco decided to reduce the import duties on wheat since September 1, 2014, to the level of 17.5%, against 45% in effect at the relevant time.
The reporting measure is caused by earlier beginning of the import campaign of the grain in Morocco, which only plays into the hands of the Black Sea wheat exporters, who usually prefer selling the grain at quick rates. But in previous years such work rates often led to reduction in the supply of wheat from the Russian and Ukrainian exporters until the official beginning of the import campaign in Morocco.
The expected reduction of the import duties should allow to the Black Sea wheat to compete the French grain, taking into account the fact that due to excessive precipitations, the qualitative parameters of rather large share of the French grain may decline, and not meet the standards of the flour milling industry of Morocco.
You should be authorized to post comment
Effective development of the Ukrainian agricultural industry annually requires nearly 5 bln USD of investments
Ukraine: Nibulon received admittance to export grains to Iran
In 2014/15 MY Ukraine to export nearly 53% of the harvested grain volumes - APK-Inform
Investors to provide nearly 2.5 bln EUR to the agricultural sector of Ukraine – EBRD
November 25, 15:40