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Post: Moroccan officials say there will be enough wheat stocks for four months

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Wheat in the fields. archive photo

Moroccan government said the country has enough wheat stocks for four months

CAIRO, 19 May – RIA Novosti. Government spokesman Mustafa Baitas said on Thursday that Morocco has enough wheat stocks for four months and that authorities are making significant efforts to maintain the price of bread.

According to the Hepress news agency, Bytas said in a statement at the government’s weekly meeting, “Morocco has a wheat stock that will last for four months… The Kingdom has made great efforts to maintain this stock.”

He said that although these costs are “too high”, the government will continue to secure grain purchases to keep bread prices stable, especially after several countries’ decision to halt grain exports.

Last week, India banned wheat exports, citing “the sudden jump in global wheat prices caused by many factors”. After this decision, the price of wheat in Europe jumped to a record level of $455 per ton.

As Thomson Peary, official representative of the UN World Food Programme, said earlier, the situation in Ukraine could lead to rising food prices and world hunger. The Black Sea basin is one of the most important regions for the production of grain and agricultural products, Ukraine and Russia account for 30% of world wheat exports, 20% of world corn exports and 76% of sunflower supply, therefore any interruption in production or supply. can cause prices to rise.

Source: Ria

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