Morocco reimposes tariffs on soft and durum wheat imports

A US trading partner is preparing to impose high tariffs on wheat imports. On Monday, Morocco’s agriculture ministry said it would reimpose tariffs of 135 percent on “soft wheat” from May 15, and tariffs of 170 percent on durum from June 1.

The local government had previously lifted those tariffs due to years of drought and insignificant domestic wheat supplies that required imports to offset the balance, reports.

But Morocco’s grain harvest this year is expected to increase 206 percent from last year.

The Ministry of Agriculture forecasts a total harvest of 9.8 million tonnes, including 4.82 million tonnes of soft wheat, 2.34 million tonnes of durum wheat and 2.6 million tonnes of barley.

The Moroccan government is restoring tariffs to protect its population.

These high levies will help adjust home use and commodity prices, said Moe Agostino, chief commodity strategist at Risk Management.

“Tariffs protect domestic supplies to have enough to feed their people and possibly to try to control inflation,” he said. “The government needs to make sure it has enough food for its citizens.”

The United States is among the main suppliers of wheat to Morocco.

In 2019, America exported $ 7.57 million worth of wheat and meslin to Morocco. This figure ranked the United States seventh in the top 10. France exports the most wheat to Morocco, exporting $ 388 million worth of wheat and meslin in 2019.

Source: USAgNet