Heba Press
The Brazilian government revealed that it has obtained approval from Morocco to export Brazilian olive oil to the Moroccan market, amid challenges facing the olive oil industry in Morocco due to drought, which led to a drop in local production and a significant increase in prices.
According to available data, this new commercial partnership constitutes a step in strengthening agricultural cooperation between the two countries, Morocco being considered the third importer of Brazilian agricultural exports in Africa during the year 2023, with a commercial exchange total amounting to 1.23 billion US dollars. . The volume of trade between the two countries from January to September 2024 exceeded $903 million, reflecting the remarkable growth in the volume of Brazilian exports to Morocco.
This development comes after Brazil obtained a permit last September to export dry grains of distillery residue (DDG or DDGS) to Morocco, thus expanding the list of Brazilian products available on Moroccan markets.
The Brazilian government indicated that this new agreement is part of the expansion of Brazilian agricultural exports to 193 new markets during the year 2024, bringing the number of targeted markets to 271 distributed in 61 countries since the beginning of the year 2023.
In a related context, the Minister of Agriculture, Fisheries, Rural Development, Water and Forests, Ahmed Al-Bouari, announced last week the government’s decision to remove import duties imposed on virgin and extra virgin olive oil, in order to ensure the stability of the prices of this raw material on the local market, and to mitigate the effects of the sharp decline in local production in recent years.
