Morocco to scrap import duty on soft wheat, durum -statement

Morocco currently applies a customs duty of 135% to protect the domestic soft wheat harvest

  
Grains of wheat pictured in a farm in Vieillevigne near Nantes, France, August 24, 2021.

Grains of wheat pictured in a farm in Vieillevigne near Nantes, France, August 24, 2021.

Reuters/Stephane Mahe

RABAT- The Moroccan government said on Monday it planned to suspend import duties on soft wheat and durum.

The government will discuss two decrees to that end during a cabinet meeting on Thursday, a statement from the Prime Minister's office said.

Traders had told Reuters last month that Morocco will suspend customs duty on soft wheat starting Nov.1 to ensure steady supply and price stability.

Morocco currently applies a customs duty of 135% to protect the domestic soft wheat harvest, which traders say is not enough to meet domestic demand.

Morocco controls soft wheat prices but not durum, whose prices recently surged in the domestic market.

(Reporting by Ahmed Eljechtimi; Editing by Susan Fenton and Bernadette Baum) ((ahmed.eljechtimi@thomsonreuters.com;))


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