Wednesday, December 13

Moroccan grain crisis

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Gregor Heard Sun, Apr 1 2012

A DRY and cold spring in autumn in Morocco has meant the North African nation is chasing record amounts of wheat and barley from abroad.

There has already been panic buying in Morocco, which has driven barley prices to more than double the European quote.

Agrimoney.com quotes import figures of 5.6 million tonnes of wheat and a million tonnes of barley to come in.

In response to the country’s grain shortage, the Moroccan government has scrapped its import duty of A$33/t on feed barley.

Stocks of feed barley in the country are said to have shrunk to just 40,000 tonnes, or the amount held in a small country storage in Australia.

FarmOnline
Source: http://www.farmonline.com

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