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
Middle East increased imports of Ukrainian wheat by 46% in the season-2017/18 – APK-Inform
Ukraine: cancellation of the VAT refund in the oilseed exports to cause some reduction of the planted areas – expert
Ambar Trading Gmbh – a sponsor of Middle East Grain Congress
Ukraine exported over 18 mln tonnes of grains – State Fiscal Service
International demand for Ukrainian organic products showed an upward trend – UAC
December 12, 15:20
Seatrade Group - a sponsor of Middle East Grain Congress
December 12, 13:40