Morocco’s Olive Oil Crisis: Skyrocketing Prices and Government Export Bans

2023-11-28 09:44:00

Olive oil prices have skyrocketed despite the government’s decision to ban exports in order to regulate prices.

Today, a liter of olive oil costs between 100 and 110 dirhams, which has angered consumers, most of whom are now unable to obtain it.

In a statement to Le Site info, a professional in the sector in the region of Al Ksiba, province of Béni Mellal, confirmed this surge in prices, explaining that this increase is due to the absence of rains and the early cultivation of olives.

“The drop in production caused this outbreak in all regions of Morocco. Today, you have to pay 500 dirhams to have five liters of olive oil. It’s a hard blow for households,” he lamented.

Remember that the government had decided to subject olive oil and its derivatives to restrictions on exports. These restrictions concern, among others, olives in a fresh and refrigerated state, olive oil and its fractions, even refined, and dried olives. This, in accordance with the provisions of article 1 of law 89-13, relating to foreign trade.

These measures banning the export of olive oil remain in effect until December 31, 2024.

H.M.

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