Faced with the fall in olive production and the sharp rise in the price of olive oil, Morocco is turning to Spain, Tunisia, Italy and France to import olive oil virgin and extra virgin.
52 companies were selected for the importation of 10,000 tons of virgin and extra virgin olive oil, learns Hespressadding that this merchandise will be imported from Spain, Tunisia, Italy and France. An interministerial commission, made up of representatives from the ministries of Commerce, Agriculture and Customs, has already distributed the quota among the selected importers. They will benefit from this government approach, which aims to supply the national market with virgin olive oil and extra virgin olive oil from abroad, in order to contribute to lowering the prices of this commodity.
To read: Olive oil: Morocco opens its doors
In November, the Ministry of Industry and Commerce suspended customs duties on the importation of virgin and extra virgin olive oil, up to a quota of 10,000 tonnes. This exceptional measure, valid until December 31, 2024, aims to ensure the supply of the internal market in the face of a catastrophic olive harvest. According to the Ministry of Agriculture, national production peaks at 950,000 tonnes this year, which represents a drop of 11% compared to last year and 40% compared to good years.
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Morocco
