Morocco’s Imports of Russian Wheat Increase by 300%

Morocco’s imports of wheat from Russia has increased by 300 percent over the last season, indicating a new level of economic cooperation between Morocco and Russia.

Morocco’s importation of wheat quadrupled during the previous season. This increase was due primarily to the poor agricultural year 2015-2016 which resulted from draught.

According to Ukrainian agricultural consultant, UkrAgroConsult, Russia shipped nearly 650,000 tons of wheat between July 2016 and January 2017. This represents four times Russia’s average shipment to the kingdom.

In its analytical report, the firm explained that this significant increase in the import of wheat followed Morocco’s poor harvest in the previous season.

The increase in commercial transactions can also be explained by the increased collaboration between the two countries. Previously, Morocco had been importing its wheat from European and American Markets, which were capable of meeting Morocco’s local demand of wheat.

After Morocco’s Monarch, King Mohammed VI, visited Russia last March, a number of cooperative agreements between the two countries were signed. At the time, Russian Deputy Foreign Minister and Special Presidential Representative for the Middle East and Africa, Mikhail Bogdanov, told the press that the agreements would further strengthen the strategic partnership between Morocco and Russia.

Source :Morocco World News