The government is moving towards supporting the import of foodstuffs.. Will this lead to lower prices?

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Agadir 24 | Agadir24

The government is moving towards supporting the import of foodstuffs, in order to limit the rise in prices and relieve pressure on citizens’ purchasing power in the face of inflation and drought that affect agriculture and livestock raising.

In this context, the government announced the temporary suspension of import duties on some basic products, within the framework of the draft Finance Law 2025, including virgin olive oil and extra virgin olive oil, as the suspension includes quantities of up to 20 thousand tons in a step aimed at confronting the rise in prices that have reached… To 150 dirhams per liter in some markets.

In addition, the draft Finance Law 2025 stipulates the suspension of import duties on meat and entrails of cattle, lamb, goats, and camels of domestic species, fresh or frozen, within a limit of 40 thousand tons, and brown rice imported by manufacturers within a limit of 55 thousand tons will also be excluded from these duties. Tons.

This step raised widespread questions about its potential impact on prices and the extent to which it will contribute to their decline, as a number of observers wondered about the government’s guarantees for the success of import support.

According to them, there were previous experiences exempting the import of meat and Eid sacrifices from the tax and also allocating 500 dirhams for each head of sheep, but it did not have any significant impact on the national market. On the contrary, the prices of these materials witnessed a record rise that Morocco had never witnessed before. .

The same observers confirmed that the government insisted on repeating previous experiences by temporarily suspending import duties on some basic products, such as olive oil and red meat, from which only the “shakkara owners” will benefit, as they put it.

In return, they called on the government to think about structural solutions in the long term, instead of resorting to ready-made and easy solutions, stressing that the government should have thought about enhancing the production of these foodstuffs nationally by adopting a long-term policy to support the local product and achieve food security.

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