Morocco Extending Duty Suspensions on Wheat Imports
Morocco extended its suspension of customs duties on wheat imports through December 2020, according to a U.S. Department of Agriculture Foreign Agricultural Service report released May 13. The measure, which applies to all wheat classes and products except durum, is…
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intended to maintain the “competitive” price level of wheat imports and build the country’s stocks, the report said. USDA called Morocco’s decision to lift wheat duties through the summer “unprecedented,” adding that the country typically raised tariffs during summer months to ensure “strong prices for local wheat producers. The change is based on Morocco’s upcoming yield, which is expected to drop at least 50% below the country’s 10-year production average, the report said.