Morocco, United States engage in wheat trade

20.11.2017

Morocco’s Cereals Office (ONICL) on Nov. 10 announced the results of its second U.S. wheat tender of 2017, noting the agency has accepted 30,000 tonnes of U.S. common wheat for delivery by Dec. 31, according to a Nov. 13 Global Agricultural Information Network (GAIN) report from the Foreign Agricultural Service of the U.S. Department of Agriculture (USDA).

According to the GAIN report, a second tender for 327,273 tonnes of U.S. durum wheat was unsuccessful.

In October, under the auspices of the U.S.-Morocco Free Trade Agreement, ONICL reopened its market for U.S. wheat. To facilitate trade, the government of Morocco lowered the most favored nation (MFN) import duty for common wheat, effective Dec. 1, to 30% from 135% previously, which translated into a reduction of the preferential U.S. in-quota duty to 9.9% from 83.7%, according to the USDA.


world-grain

Readers choice: TOP-5 articles of the month by UkrAgroConsult